Free Trial
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
- BAX yields have again broadly taken their cue from Eurodollars today, with a sizeable firming through 2023 and less so 2024 to leave the Dec’23, with BAZ2 unch, BAZ3 +10.5bps and BAM4 +7.5bps.
- It sees the Dec’23 implied yield almost 10bps higher than Friday’s close after US payrolls (which remember was lessened somewhat by a more mixed Canadian labour report) and at the highest levels since Jul 21.
- With no change in front rates, the BoC’s policy rate is crudely implied to peak a little about 3.5% from the current 2.5% but inversion is reduced through 2023 to ‘just’ 53bps of cuts from the recent 60-70bps priced judging by BAZ2/BAZ3.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok