Free Trial
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
- GoCs trade 6-14.5bp cheaper for a large bear flattening on the day.
- Softer than expected input price inflation hasn’t stopped 2s (+14.5bps) from keeping pace with Treasuries, with the latter’s losses spurred on by surprisingly strong retail sales.
- GoCs see sizeable underperformance further out the curve however, with 10s +9bps vs +5bps for Tsys. It sees the Can-US differential narrow 4bps to -66bps, its highest since mid-October.
- The moves sees the long-end catch-up with a narrowing in front end differentials into the new year.
- Within Canadian FI, CANHOU 5s and 10s have held a modest tightening in spreads to GoCs, by circa 1bp to 22bp and 40bp respectively, following yesterday’s announcement on the government’s participation in all fixed-rate CMB syndications proposed for 2024.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok