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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-dated BAX contracts are little changed today through 2022, with an implied yield peaking at 3.855% in the Dec’22.
- Yields have softened further out though, dipping some 6-7bps in late 2023/1H24, which sees the largest inversion through BAZ2-BAZ3 to date with 17bps of cuts priced.
- That pales in comparison to the -46bps in the Eurodollars equivalent (with the difference also evidenced in GoC/Tsy curves) but leaves sensitivity to tomorrow’s Canadian GDP for April and less so the CFIB business barometer for signs of growth cooling.
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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