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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.
CANADA
- BAX futures have pulled back around a third of the day's increase but are still ~9 ticks higher across most of the curve except front whites.
- This sees implied yields down significantly from Friday’s highs (BAZ2 -31bps, BAZ3 -38bps) but the curve remains more front-loaded than after the BoC’s Apr 13 first 50bp hike, quickly rising to a crudely implied overnight rate between 2.75-3% in the BAZ2.
- The large CPI beat back on Apr 20 and the indication from Gov Macklem that another 50bp hike is being considered for Jun 1 should help maintain this front-loaded profile.
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.
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