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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 front yields have softened on the collection of weaker US data earlier today, with BAZ2 -5bps and pulling back from newly touched highs for the cycle.
- Contracts further out have proven more resilient though, re-firming to unwind a large portion of the earlier decline with BAZ3 unchanged on the day.
- It continues to price solid hikes ahead, with a crudely implied policy rate seen peaking close to 3.75% in the Dec’22 from a current 2.5%, but the main takeaway has been a continued decline in rate cut expectations to -27.5bps of cuts through 2023 judging by BAZ2/BAZ3 – this is contrast to a slight re-widening in Eurodollars today.
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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