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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
- Consistent with the underperformance seen in front-end GoCs, 3M CORRA futures have sold off more heavily than their US counterparts today on little specific news flow.
- CORH5 implied yields sit 8.5bps higher on the day vs 5bps for SFRH5, whilst CORH4/Z4 at -81.5bps at typing is set for the least inverted close since the Dec FOMC.
- The shunt higher in implied yields since the Jan 24 BoC shown in the table has far more to do with US factors and payrolls in particular than domestic events, barring some upside from CAD GDP.
- Tomorrow sees CAD jobs along with US CPI revisions, with currently a first cut from the BoC not fully priced until July.
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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