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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
- CAD rates have modestly underperformed their US counterparts today through 2024 contracts, with implied yields 2bps lower vs as much as 4.5bps for SOFR, although they do dip 4-4.5bps further out into 2025.
- The limited moves on the day come ahead of tomorrow’s BoC decision – see the full preview here: https://roar-assets-auto.rbl.ms/files/60782/BOCPreviewApr2024.pdf
- BoC-dated OIS currently has 19-20bps of cumulative cuts priced for June, whilst further out, CORH4/Z4 stands at 77bp of cuts vs 88bps prior to the previous BoC decision just five weeks ago.
- Of course, shortly before the BoC comes US CPI, with the two creating scope for sizeable volatility on the day.
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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