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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
- BoC’s Macklem saying a June cut is “within the realm of possibilities” when asked if the door is open to a cut was the main point from the press conference Q&A.
- It has seen GoCs pare a small part of their CPI-induced losses. 2Y yields are 4.7bps lower since the start of the presser (vs 2.7bps for Tsys), with the 2Y differential -8bps on the day at -63.5bps.
- BoC-dated OIS sits at a cumulative ~16bp of cuts for June, whilst CORH4/Z4 is at -70bps vs -66bp before the Q&A and -78bps before US CPI.
- USDCAD has continued a push higher, most recently touching 1.3695. It’s through resistance at 1.3661 (Nov 27, 2023 high) and next eyes 1.3729 (Nov 22, 2023 high).
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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