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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 unwound the 7.5bps increase in late 2023/early 2024 yields seen earlier to leave yields 3-4bps higher across the curve.
- The net change on the day is led by broader risk-on sentiment, with little impact from local factors with only a minor improvement in weekly consumer confidence and housing starts per consensus not moving the needle.
- It leaves the BAX curve with solid inversion of just over 50bps of cuts through 2023, catching up but not quite matching the 62.5bps in Eurodollars.
- Local focus is squarely on June CPI on Wed, with a wide range to analyst calls but all expecting a further acceleration in the headline Y/Y.
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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