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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
- Post Q&A, 2Y GoC yields are now -30bp on the day as they doubled down through the presser instead of retracing the initial move lower.
- That said, it only takes front-end yields back to Oct 5 levels, whilst a 10bp steepening in 2s10s pushes it to -55bps.
- USDCAD meanwhile surprisingly holds 30 pips lower than just before the decision at ~1.355, within session ranges, as a more supportive equity backdrop helps offset a ballooning negative Can-US yield differentials.
- Further moves towards the session low of 1.3508 could open key support at 1.3503 (Oct 4 low) after which lies the 50-day EMA of 1.3454.
USDCAD surprisingly reverses post-BOC jumpSource: 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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