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Canada: 2022 Hikes Back To Previous Highs

STIR
  • OIS is pricing in a 97% chance of a 25bp hike in March after the BoC’s hawkish hold.
  • Total hikes through 2022 are seen as slightly higher than immediately prior to the meeting, with BAZ2 implied yields 6bps higher than Tuesday’s close, implying a further 5x25bp increases in 3M banker acceptances and back to the highs seen last week.

Source: Bloomberg, MNI

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