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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
- Overnight funding market pressures have cooled in recent sessions, with the latest CORRA fix back to 3bps above the overnight policy rate having lifted to 6bps on Thursday.
- BoC overnight repo operations continue in size to help alleviate broader pressure, mostly running at a daily C$16bn since Jul 23.
- BoC staff research published yesterday estimates that the shift from t+2 to t+1 settlement for trading GoC bonds on May 27 has pushed spreads up to 3bps higher, with their analysis showing observations up to Jul 15, 2024. See chart 9 on pg 14 for example: https://www.bankofcanada.ca/wp-content/uploads/2024/08/san2024-21.pdf
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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