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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 GoCs have seen mixed degrees of outperformance to Treasuries today, currently at the modest end with +2bp cheaper vs +3.5bp for Tsys.
- The outperformance to the US is reflected in rates space although CORRA futures trades up to 2.5bps richer with the Jun’24 leading gains.
- There remains little additional hiking impetus in the curve with the Dec’23 seeing a peak implied yield at 5.07% and with O/N CORRA having recently drifted higher still to 5.05%.
- It’s followed by 66bp of cuts through 2024 on the Z3/Z4 basis, up from the 47bp of cuts prior to the Oct 25 BoC decision and the highest since Aug 10.
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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