Free Trial

BAX Futures Holding To Narrow Range Ahead Of FOMC Minutes

CANADA
  • BAX futures are holding to a narrow range so far today as they grind up to 3.5 ticks higher after yesterday’s double digit surge.
  • The result is the lowest implied yields since Apr 19 for the Dec’22 and Apr 14 for the Dec’23 (i.e shortly after the BoC on Apr13, leaving the curve with a still aggressive rate path through 2022 before a crudely implied terminal overnight rate above 2.75% in 1H2023.
  • Little in the way of known potential triggers between now and the FOMC minutes at 1400ET.

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.