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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
- Mirroring the risk-off drive lower in GoC yields, BAX implied yields are down 16-17bps through the 2023 and into 2024.
- With the Dec’22 contract down only -9bps in comparison, yields are still seen peaking at an elevated 3.75% (36bps higher than after the last BoC decision on Jun 1) but the curve is becoming increasingly inverted thereafter.
- Whilst still a long way from the -75bps in the Eurodollars equivalent, BAZ2/BAZ3 shows 40bps of cuts through 2023, driving the Dec’23 12bps lower than after the Jun BoC.
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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