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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
- Canada sold C$5.5bn of the new 3.25% Nov’26 at an average yield of 3.305%, 38bps lower than the mid-July auction.
- The coupon of 3.25% is cut from the 4% for the May and August bonds.
- The bid-to-cover of 2.27x shows signs of the recent slide in GoC yields after a FOMC and softer US data-driven rally (2Y GoC yields were -4bps on the day and -10bps since yesterday’s FOMC).
- It compares to a five-auction average of 2.42x but one that has seen particular extremes including 2.085x in June (lowest since 2009) and 2.81x in early May (highest since Feb’23 and before that Sep’20).
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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