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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
- 3M CORRA implied yields continue to push higher along with their US counterparts today, rising 5-5.5bps through 2H24 and through 2025.
- It sees the Dec’24 implied rate push above the highest close seen last week to 75bp of cuts from the recently lowered 5.01% CORRA, but it remains 3bps below levels shortly before last week’s surprisingly soft CAD CPI (and 8bps below the early close on the Friday seen before that).
- Nearer-term, OIS implies a first rate cut fully priced for July with 15-16bp of cumulative cuts priced for June.
- GDP is in local focus this week on Thu before next week’s BoC decision.
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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