Free Trial
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
- The intraday rally in GoCs following a weak open has masked a renewed rise in breakevens today on the back of lower real yields.
- Touching a high of 2.3564% earlier, the 5Y breakeven cleared recent highs to sit the highest since Nov-2021, partly spurred on by US price pressures in earlier data.
- The move has come as 5Y real yields fall to -0.67%, the lowest since mid-Jan.
- In terms of a BOC mark-to-market ahead of next week’s meeting, 5Y nominal yields sit 7bps higher whilst real yields are 17bps lower since the Jan 26 meeting.
Canada 5Y nominal (yellow), breakeven (white) and real yield (green)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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok