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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 modestly build on yesterday’s large outperformance of Treasuries, trading 2.5-3.5bp richer across the curve (vs 1.5-2.5bp for Tsys).
- Yesterday’s move was concentrated in the front end, with the CAN-US yield differential widening 8bps to -50bps. Now at -51bps, it’s at the lowest since March.
- BoC-dated CORRA futures show almost no tightening ahead with the first cut lined up for the June meeting. 3M futures have built to 88bp of cuts on a Z3/Z4 basis, lows for the post US CPI range and having last closed lower in mid-July.
- CPI lands at 0830ET (https://roar-assets-auto.rbl.ms/files/58129/CanadaCPIPrevNov2023.pdf), part one of an important day for Canada with the government’s Fall Economic Statement from 1600ET.
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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