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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
- BAX implied yields are largely consolidating the earlier move lower on weak US data, led by Mar’23 yields down 14bps from Friday’s close.
- With even larger moves over the past week (late 2023 yields down more than 30bps), the peak in yields is back near where it was after the Apr 13 BoC decision when the Bank revised its neutral estimate up 25bps to 2-3%.
- It leaves a crudely implied terminal overnight rate of between 2.75-3% although the curve continues to remain more front-loaded with OIS still pricing 2x50bp in a similar near-term path to the Fed, bolstered by the subsequent surges in Canadian CPI inflation.
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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