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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
- With no local data today, Canadian FI has seen only modest outperformance to US counterparts equivalents, be it short term rates or further out the GoC curve.
- GoCs echo the bull flattening in Tsys with 2s underperforming on the day (2YY -5bps, 10YY-8.5bps), whilst BAX futures have seen only limited gains in 2023 contracts building to 5-6 tick rallies in 2024.
- Tomorrow sees the BoC’s Senior Loan Officer Survey for Q1 at 1030ET. Typically conducted near the end of the quarter, it should capture any initial fallout if banks tightening conditions after US regional bank woes.
- The Q4 survey had shown the first tightening in conditions for businesses and household non-mortgage lending since 2020, albeit very small by historical tightening episodes, whilst household mortgage conditions still eased on net despite the sizeable increase in rates [see charts].
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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