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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
- 2Y GoCs underperform Tsys, back unchanged on the day vs Tsys -2bps, to push the Can-US yield differential to -25.5bp for what would be its second highest close since mid-Oct.
- CAD rates echo this underperformance, with 3M CORRA futures trading unchanged to 2 ticks cheaper vs up to 3.5 ticks richer for SOFR counterparts. CORH4/Z4 at -79bps is its least inverted since late Nov.
- There have been few local drivers for the day’s move, with about half the move coming with the open and the remainder since NY Fed inflation expectations saw a notably low 3Y segment.
- US factors will no doubt set the tone tomorrow as well with CPI.
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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