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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
- 3M CORRA futures close early with some outperformance to US rates, trading up to 4.5 ticks richer in the Mar’25.
- With limited change in front contracts, CORZ3/Z4 pushes lower to -144bps, near lows in early Feb 2023 and otherwise at most inverted levels.
- Nearer-term, BoC-dated CORRA OIS has circa 50% of a cumulative cut priced for the March BoC meeting with a cumulative 31bp for April.
- Following the upward pressure in SOFR, CORRA ticked up to 5.05% yesterday for joint highs last seen over a month ago.
- Next week sees the Dec jobs report on Fri (Jan 5). Still to come before the Jan 24 BoC decision: BoS/CSCE surveys (Jan 15), CPI (Jan 16) and Retail sales (Jan 19).
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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