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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
- The rally in BAX futures continues to lag that seen in Eurodollars at the early close, with yields falling as much as 10.5bps through 2023 compared to 1bps for Eurodollars.
- Having recently been stickier, Canadian front rates have also cooled, but with Dec’22 yields down 6bps on the day it preserves the trend of growing inversion through 2023 with almost 25bp of cuts priced.
- With markets closed tomorrow for Canada Day, attention quickly turns to next week’s key releases of the BoC business and consumer surveys for Q2 on Mon and labour report for June on Fri, coming right before the BoC decision on Jul 13 with currently a circa 70bp hike priced in OIS.
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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