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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
- BAX yields climb as much as another 7bps higher in the Mar’23 contract today compared to the -3.5bps in Eurodollars, in more notable underperformance than the +0.3bps vs -2.0bps seen in sovereign bond yields.
- Consistent with this, BoC-dated OIS now points to an overnight rate of 3.28% with the Dec meeting, above the 3% upper band of the Bank’s neutral range.
- It’s unclear what the drivers are for this latest Can-US difference as last week’s BoC hawkishness should already be reflected, but it chimes well with MNI’s recent interview with an ex-BoC researcher on the need for restrictive policy.
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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