Free Trial

Steady Ahead Of US Data

CANADA
  • FI: GoCs modestly underperform Tsys, rallying 2bps across most of the curve except for the 30Y -1bp.
  • Similar story in rates, with BAX futures again lagging the rally in Eurodollars in early trade, as they did yesterday prior to Gov Macklem talking down the chance of a 75bp hike in June (50bp is unusual but anything larger “very unusual”) and instead considering 50bps.
  • FX: USDCAD trades +0.1% at 1.2747, with initial resistance eyed at yesterday’s high of 1.2777 closely followed by 1.2786 (76.4% retracement of the Mar 8 – Apr 5 bear leg) ahead of US data plus the flash estimate of Canadian mfg activity in March.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.