Free Trial
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 have jumped another 9bp since the US CPI boost to sit 20bps higher on the day for the Dec’22, with the 4.165% close to the 4.205% after the Jun FOMC decision that had been seen not coming until the Mar’23, and 75bps higher than after the Jun 1 BoC.
- Talk of front-loading means that hike expectations further out have been cut back from the initial reaction, and are now hardly changed from post-CPI levels. That’s still up circa 10bps for the most part but with the curve already notably inverted through 2023 (-56bps BAZ2/BAZ3), there’s been an unwillingness to price the need for that much higher rates into 2023.
- Press conference at 1100ET.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok