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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
- Demand fears in the BOS and modest improvements in longer-term expectations drive significant further inversion in BAX futures, building on an already large rally earlier in the session.
- Front BAH3 +0.02 but Dec’23 +0.14 and Jun’24 +0.16 despite coming off highs.
- Last week’s trend had been growing inversion in 1H24 but today’s is more heavily front-loaded, with the Mar’23-Dec’23 spread tilting back to recent record lows at -0.84 whilst Dec’23-Jun’24 ekes out new lows with -0.95.
- Near-term, BoC-dated OIS eases to 21bps for next week’s meeting but with Dec CPI still to come tomorrow.
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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