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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 mirror the climb higher in global yields today, with front contracts rising 4bps and largest increases in late 2023/early 2024 contracts with BAH4 +7bps.
- The modestly larger increase in longer end yields closes the gap back to levels after last week’s BoC but it doesn’t materially change the shape of the curve: it rises steeply to a 4% yield at year-end - crudely implying a policy rate close to 3.5% vs 2.5% currently - before yields slide 50bps through 2023.
- Broadly similar initial path shown by BoC-dated OIS, with a 69bp hike priced for Sep 7 and just about surpassing 3.5% at the Oct 26 meeting with 106bps of hikes.
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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