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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 have kept to the outperformance of Treasuries seen after the BoC left rates unchanged but remained open to further hikes at the same time as US ISM Services came in stronger than expected.
- 2Y and 5Y GoC yields sit 3.5bp higher since the decision (+2.5/3bps on the day) in contrast to 7.5-8bps higher for Treasuries (+7bps on the day).
- There is a similar story in rates space, although the BAX curve has still seen a large trimming of inversion with the BAU3/Z4 spread reduced from -65bps to -55bps, close to recent lows of -50bps for levels not seen since Sep 2022.
- Tomorrow sees Gov. Macklem give the Economic Progress Report. Remarks will be released at 1355ET before the speech at 1410ET and media Q&A 1530ET
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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