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 yields are off the levels touched in the snap reaction to a hawkish BoC but have trended higher through the session, led by the Dec’22/Mar’23 contracts up ~10bps since the decision for a 19bp increase on the day.
- It leaves the BAX curve almost as steep as it’s been this cycle although the terminal rate remains off previous highs despite the surge, leaving a crudely implied overnight rate between 3.0-3.25%.
- Attention now turns to BoC Dep Gov Beaudry presenting the Economic Progress Report tomorrow, with areas of attention including fleshing out the willingness to act ‘more’ forcefully, not necessarily new for BoC commentary but included in the statement for the first time.
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