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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 futures haven’t been swayed by the BoC business and consumer surveys today, only slightly trimming what has been a modest sell-off on the day with most contracts 1.5-2.5bp cheaper.
- They mostly track their SOFR counterparts, perhaps unsurprising with CAD CPI for Sep to land tomorrow in the last major release before next week’s BoC decision (core measures seen easing a tenth to 3.9% Y/Y).
- There is currently a ~10bp hike priced building to a cumulative 20bp to a terminal 5.23% in early 2024 when factoring in last week’s drift higher in CORRA to 5.03%.
- Further out, the CORU3/Z4 spread of -25bps holds within 12bps of recent absolute lows seen in early October.
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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