Free Trial

BAX Futures Fade Higher US Yields

CANADA
  • BAX implied yields fade higher SOFR yields, currently between unchanged and -1.5bps on the day.
  • It sees the BAM3/Z3 spread edge higher from -0.27 to -0.255 continuing to trim prior large inversion. It would be the highest close since Mar 10, which came just after its recent high of +0.045 on Mar 8 with positive values prior to that last seen in Apr/May’22.
  • BoC commentary at the House Committee has given few surprises yet, echoing a list of areas it wants to see moderation to help get inflation fully back to its 2% inflation target.


To read the full story

Close

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.