Free Trial

BAX Lagging Climb In Eurodollars

CANADA
  • BAX futures continue to slide higher, up by 8 ticks in the red pack, yet lag the 12 tick increase in Eurodollars in a continuation of Friday's moves.
  • Beyond haven demand, it’s unclear what the relative driver is after last week’s Canadian jobs report also took the edge off prospects of larger than 50bp hikes.
  • Two potentially key drivers ahead this week, with US CPI on Wed and then BoC’s Gravelle on Thu speaking on commodity price shocks and the impact on growth and inflation in Canada.

To read the full story

Close

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.