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
- Having swung in different directions on Canadian and US employment reports, BAX futures have more recently been unwinding the main move higher.
- Implied yields currently sit 1-2bps lower on the day, broadly fair after wage growth surprisingly softened but a pause in labour force growth could suggest growing supply side limitations.
- The front end of the curve is little changed from previous highs through 2022 after which the terminal is modestly lower to the tune of ~7.5bps, still sitting near a crudely implied 3.25% for the overnight rate.
- BoC's Gravelle provides the next steer from the Bank on Thu (May 12), speaking on "commodity price shocks and the impact on growth and inflation in Canada".
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