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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
- Front end GoCs only unwinding an earlier rally to leave 2YY flat on the day belies slightly larger moves in rates, with BAX implied yields rising up to 3bps through mid-2023.
- Little change in front contracts sees a further unwinding of recent inversion through 2023, with BAZ2/BAZ3 cut to -0.45 having been closer to -0.75 at the end of July.
- Risk sentiment aside, the next key driver of near-term BoC expectations is likely Canadian CPI on Tue. RBC look for headline inflation to have eased from 8.1% to 7.7% Y/Y on falling gasoline prices but with inflation still much too high look for a 75bp BoC hike in Sep after July’s 100bps.
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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