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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 futures continue last week’s higher rates for longer push, albeit under lower volumes today whilst waiting a new catalyst in tomorrow’s US CPI.
- Front Mar’23 implied yields are little changed before +2.5bp for the Jun’23, +4bp for Dec’23 and +5bp for Jun’24.
- 2023 rate cuts per the BAH3/Z3 spread are now down to 15bps, having been almost 30bps before Friday’s bumper employment growth, 65bps before US payrolls and a low of 90bps in mid-Jan.
- Larger rate cuts remain in 1H24 (BAZ3/M4 still -0.82) but 1H24 implied yields are nevertheless 75bps higher than after the BoC’s conditional pause guidance from the Jan 25 decision.
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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