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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 futures have only partly pared earlier lows, which see the front Sep’23 reluctant to break lower (BAU3 unch), building to -0.015 for Dec’23, -0.04 for Jun’24 and -0.06 for Dec’24.
- The combination has pushed the BAU3/Z4 spread to -54.5bps, on track to close at its least inverted since Sep’22.
- The disinversion has firmly followed developments in US rates, although the outright levels remain clearly different with SFRU3/Z4 trading at -112.5bps.
- Near-term BOC-dated OIS meanwhile prices +10.5bps for the Sep 6 decision, building to a cumulative 24bp of hikes with year-end.
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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