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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
- 2Y GoCs have held onto most of the 4bp increase on the statement to unwind the prior rally, leaving yields +0.7bp on the day but still within yesterday's whilst awaiting for further cues from BoC's Senior Dep Gov Rogers tomorrow.
- Underperformance to Tsys at the front end (2Y USTs -3.3bps) helps drive a further gap between 2Y and 10Y yield differentials, potentially as the Canadian hiking cycle is seen to weigh more heavily on growth expectations, reflected by CAD 2s10s of -45bps (moving closer to sustained cycle lows of -55bps) vs US 2s10s of -18bps.
2Y (white) and 10Y (yellow) yield differentialsSource: Bloomberg
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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