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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
- Front end GoCs have firmly outperformed Treasuries today, sitting -5.5bps vs -1.5bps.
- However, with an eye on Wednesday’s BoC decision (preview to come tomorrow), it’s a move that hasn’t translated in 3M CORRA futures, which more closely trade in line their SOFR counterparts.
- Near-term contracts are little changed (trading unchanged to 1bp cheaper), building to 7bp richer for the Dec’24.
- It’s a move that sees CORZ3/Z4 widen to -47bps (from the terminal implied yield of 5.12% in the Dec’23), from -39bps at Friday’s close and circa -30bps seen through the middle of last week. The rate path more broadly is back particularly close to how it looked after the Sep 6 BoC.
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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