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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
- There has been a modest bounce but BAX futures have largely been dragged lower by Eurodollars so far today.
- The front end is at or below previous lows, helped by the BOC’s hawkish 50bp hike last week.
- The red pack and onwards struggles to get back to those levels but is still left with an implied policy rate a little over 3%, above the BoC’s newly revised higher 2-3% neutral range.
- The move appears US-led but Canadian data support it: whilst a moderation, house price growth was still +1% M/M and 27% Y/Y (compositionally adjusted) as there was only a small improvement in months of inventory.
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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