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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
- Broadly similar front-end performance in 2Y GoC and Tsys on the day (+4.3bp vs +3.7bp) masks two different profiles when it comes to rates.
- BAX futures hold a steadily increasing sell-off, from -0.01 for the Sep’23 to -0.04 for the Jun’24 and -0.05 for the Dec’24, in contrast to SOFR futures with -0.02 for the Sep’23, topping out with -0.08 for mid-2024 and with smaller declines thereafter.
- The move sees the BAU3/Z4 spread tighten 4bps to -54.5bps although not fully back to the -49bps two days ago for the lowest close since Sep’22.
- Near-term, BoC-dated OIS prices +7bp for Sep 6 before building to a cumulative +18bp to year-end (based off CORRA at 5.01%).
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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