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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 been retracing some of the heavy outperformance seen after weak CAD jobs and a strong US payroll report but still see a heavy decline for Can-US yield differentials.
- The 2Y differential is now 8bps lower than pre-data levels at -53bps (it was 11.5bps lower at one point) and the 10Y is 5bps lower at -81bps.
- BoC-dated OIS has pulled back from the 22-23bp of cuts priced for June to circa 19bps currently, but remains above the 17.5bps pre-data having drifted higher through the week.
- Further out, Dec’24 CORRA implied yields are only 2bps lower on the day, with CORH4/Z4 unchanged from pre-data levels with 79bps of cuts.
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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