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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
- Front GoC yields continue to push higher vs the petering out of the sell-off seen in Treasuries.
- It limits some of the particularly large outperformance seen earlier in the session, which started long before the U.Mich survey with its strong inflation expectations and then continued with it.
- The 2Y yield differential still widens 3bps on the day though to -47.5bps back towards the middle of the week’s range but beyond that at levels last seen in April.
- The outperformance is seen in rates space as well. 3M CORRA futures are unchanged showing a peak implied yield of 5.07% for low odds of further tightening, but 2024 cuts on a Z3/Z4 basis have been cut to 65bps for what would currently be the lowest close since Oct 31.
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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