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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
- Front BA futures remain off post-US CPI highs having pulled back from the initial reaction but late 2023/early 2024 contracts continued to increase towards early close, nearing highs seen the day after the BoC stepdown to 50bp.
- It sees peak implied yields switch from Mar-Jun’23 to Dec’22-Mar’23, chopping circa 25bps from terminal to around 4.25%, with sharper cuts in 2H23.
- Changes in implied yields: Dec’22 -6.5bp, Mar’23 -15bp, Dec’23 -44bp and Mar’24 -48bp.
- There was little immediate reaction to BoC Governor Macklem's prepared remarks and event Q&A but the media Q&A has just started.
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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