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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 $5.5bn of the 4% Aug’26 at an average yield of 3.912%.
- The bid-to-cover of 2.085x is the lowest since 2009 and compares with 2.384x on May 30 or a five-auction average of 2.395x.
- It follows last week's 10Y seeing the lowest bid-to-cover since Oct'22.
- Following the BoC decision to cut for the first time this cycle on Jun 5, it's also a notable turnaround in demand from the 2.81x seen in the early May auction (for the 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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