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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 have twist flattened on the day, with another sizeable flattening in 5s30s space as 5Y yields rise +2.5bps and 30Y yields fall -1.5bps.
- 5s30s of 13bps is back at Feb-2020 levels and close to the Dec-2019 low of zero, having only been lower when it was inverted in 2007 (ignoring the spike lower to -19bps on Mar 9, 2020).
- Treasuries have seen a similar flattening, taking 5s30s below pre-pandemic flats and to the lowest since 2007, at the peak of the hiking cycle and not the start of one.
- This seems unlikely to change materially barring accelerated run-off plans from the BOC and Fed to push longer-end yields higher.
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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