Free Trial

BA Yields Out Climb Eurodollars Ahead Of BoC’s Macklem

CANADA
  • In a reversal of yesterday’s outperformance to US rates, BA yields have out-climbed Eurodollars with sizeable increases of 16-19bps through the red pack with the largest hitting in 1H24.
  • Yields are seen peaking in the Dec’22 at levels roughly implying a policy rate just shy of 4% from the current 3.25%, but yields in late 2023 into 2024 close the gap on previous highs.
  • BoC’s Macklem speaks tomorrow with remarks published at 1135ET, the speech at 1150ET including initial Q&A and then media Q&A at 1310ET.

To read the full story

Close

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.