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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.
STIR FUTURES
- BAX futures implied yields have increased further this afternoon, but seemingly mainly on the continued re-pricing in of US hikes during Powell’s testimony.
- The initial reaction to the BOC hiking 25bps with a modestly hawkish statement saw yields briefly rise before the move was fully reversed, potentially on the lack of new information on balance sheet runoff.
- Late dated whites and front reds have seen the largest move, up 16-18bps taking them back to levels before yesterday’s STIR rally.
- Local focus is heavily on Gov Macklem Economic Progress Report at 1130ET followed by media questions 1245ET, and then Macklem & Rogers before the House between 1530-1730ET.
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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