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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
- GoCs have extended their underperformance to Tsys seen originally after the surprisingly large increase in initial jobless claims.
- The extension looks primarily driven by the bid seen in Tsys after the 30Y traded through but the BoC seeing the financial system as remaining resilient has perhaps helped at the margin.
- Can-US yield differentials are ~3.5bp higher on the day across 2-10Y tenors, with the 2Y rising to -61bps for what would be its highest close since Apr 11.
- Nearer-term, the BoC is seen with ~17bps of a cut priced for the Jun 5 decision and CORRA futures show 70bp of cuts across 2024 contracts ahead of tomorrow’s jobs report.
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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