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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
- GoCs are holding to a subdued version of the bear flattening in Tsys, with 2Y yields +3bps and 10Y +2bps as GoCs for now struggle to increase much more whilst just off cycle highs following recent strength in core CPI inflation.
- The recent re-opening of a positive front-end Can-US yield differential puts 2Y GoC yields at 3.445% vs the peak of 3.476% from Jun 14 following the WSJ hinting the first of the 75bp FOMC hikes at peak rate hike fervour.
- Underperformance to Treasuries is more pronounced at the front end, driving a more heavily inverted curve with GoC 2s10s of -49bps closer to pre-US CPI lows of -56bps, fresh post-1990 lows.
Can-US 2Y differential opens (showing last and not ask price in chart)Source: Bloomberg
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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