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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 yields rise strongly, up 6bps for Dec’22 and 7-7.5bps across most of the rest of the curve, this time outpacing Eurodollars in a similar move to that seen in front end GoCs vs Tsys as it unwinds yesterday’s further dip in the 2Y differential.
- Implied yields are seen peaking in the Dec’22 at 4%, broadly consistent with the BoC policy rate getting close to 3.5% from the current 2.5% before sliding thereafter.
- Despite the further sizeable increase in 2023 yields, the curve remains heavily inverted with 66bps of cuts implied by BAZ2/BAZ3, more so than the 58bps for the Eurodollars equivalent for the second day running.
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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