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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
- GoCs have held 1-2bp underperformance to Tsys across the curve through the session, but BAX futures trade more closely in line and slightly outperform SOFR futures in 2H24 contracts.
- Muted net changes for BAX futures, currently as much as -0.015 for the Mar’24 and +0.02 for the Dec’24, have kept the Sep-Dec’23 spread around +5bps but see a further widening in the Sep’23-Dec’24 to -97bps for close to its widest close since US CPI last week.
- BOC-dated CORRA OIS holds steady with +9bps priced for the Sep BoC decision with clearly plenty of data still to come before then.
- We suspect tomorrow’s US data could set the tone for tomorrow’s trading before a renewed domestic focus again Friday with retail sales.
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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