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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 currently sit up to 7.5 ticks higher in the red pack today.
- It does little to change the overall curve though: it's similar to after BOC Dep Gov Kozicki said two weeks ago that the Bank was “prepared to act forcefully” ahead of the Apr 13 meeting, prompting analyst forecasts for multiple 50bp hikes in keeping with Fed views.
- Implied yields are almost 100bps higher than after the Mar 2 meeting, seen peaking at 3.41% in the U3 contract, whilst BOC-dated OIS prices 51bps for next week and 215bps to year-end.
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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