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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 are slowly catching up with the sell-off in GoCs, with March red implied yields up 2bps (having been -7bps early in the session) vs the +5.5bps for 2Y GoCs.
- It does little to change the material flattening in the curve seen since Friday though, with a terminal rate less than 10bps higher than immediately after the BoC decision to hike 50bps on Apr 13.
- Subsequent CPI inflation strength and consideration of a 50bp hike in June has seen the path remain more front-loaded.
- Having edged higher over the past week, the 3M FRA-OIS has tentatively levelled off at 33.5bps, below the recent peak of 37bps from early March at the height of Russian invasion uncertainty.
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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