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Real-time insight on key fixed income and fx markets.
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Global Macro
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: Japan Govt Keeps Economic Assessment, Ups Imports
MNI EUROPEAN OPEN: CAD, MXN Weaken On Tariff Threat, JPY Firms
BoC Decision Next Up
- Today’s productivity release added a second dovish data point after yesterday’s push higher in business insolvencies (which as Desjardins noted reached their highest level since comparable data began in 2007 after a marked rise in filings in January).
- The BoC decision comes shortly at 0945ET with joint rate decision and press conference opening statements before a press conference at 1030ET (but no MPR/forecasts).
- Preview: https://roar-assets-auto.rbl.ms/files/60215/BOCPreviewMar2024.pdf
- OIS is just shy of fully pricing a first cut landing in June, with the CORH4/Z4 spread has pushed out to now 88bp of cuts.
- USDCAD at ~1.3565 is close to the day’s lows but remains within yesterday’s range. The trend needle points north with resistance at the bull trigger of 1.3606 (Feb 28 high) which only just held early yesterday.
- GoCs outperform Tsys on the day, with yields 3.5-4bps lower vs 1-5.3bps lower.
To read the full story
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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.