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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 DATA
- The Bloomberg Nanos consumer confidence index fell from 52.9 to 52.3 in the week to Jun 23.
- It’s the largest weekly drop since Nov, having broadly trended higher since then before stabilising in mid-to-late May.
- Despite the trend recovery off Oct/Nov lows back above 50 levels, it remains below 53.5-59 range seen in 2018 and 2019 prior to the pandemic.
- The weaker print has little impact on GoCs which were already paring earlier gains in line with Tsys, with 2YY now -2.5bp and 10YY -4.5bps. It keeps 2s10s at a historically inverted -133bps with pressure helped by last week's strength in CAD retail sales.
Bloomberg Nanos Consumer ConfidenceSource: Bloomberg
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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