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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
- BA yields have cleared yesterday’s post-US CPI highs after a short-lived rally in the second half of yesterday.
- Increases are again led by the Mar’23 (+12bp), pushing the implied yield up to 4.85%, a huge 67bps higher than after the Sep 7 BoC meeting, 37bps of which since a hawkish Macklem on Oct 6 and 23bps alone since Wednesday’s close prior to the US CPI beat
- It leaves a roughly implied terminal policy rate straddling between 4.25% and 4.5%, from a current 3.25%, although that still remains far off the 4.95% terminal priced for the Fed.
- Macklem is set to speak again late at 1600ET before a key week with the BOS/CSCE surveys and CPI inflation plus Senior DG Rogers in the last steer before the Oct 26 decision.
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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