Free Trial

Bank Earnings Help Modest Underperformance To Tsys

CANADA
  • GoCs see modest underperformance to Tsys after open (2YY -0.2 vs -1.2bp, 10YY -1 vs -2.4bp).
  • Potentially helped by a modest beat for Scotiabank’s earnings (Q4 Adj EPS 2.06 vs 2.01 exp) with the earnings schedule picking up over next two days.
  • It consolidates a slow narrowing in Can-US yield differentials, especially in the 2Y which is at the higher end of the post-Oct BoC stepdown range but still significant at -52bps.

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.