MNI BRIEF: China Aims For AI Standards By 2026

MNI China Press Digest July 2: PBOC, FDI, Land Revenue

MNI: PBOC Net Drains CNY298 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Higher At 7.1291 Tues; -0.09% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1291 TUES VS 7.1265

Unemployment Rate Below Consensus in May, Employment Growth Solid

Flash Inflation In-Line With Tracking; Services Remain Sticky

MNI: EUROZONE MAY UNEMPLOYMENT RATE 6.4%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Dovish Reaction To April CPI Builds

CANADA
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets Bank of Canada Market News
  • The dovish reaction to some particularly favorable recent inflation trends has built further, with 2Y GoC yields now -6bps since the CPI report for -7.8bps on Friday’s close.
  • 2Y Tsy yields are near unchanged over the post-data period after a short-lived spike higher on Fed Gov. Waller comments.
  • The Can-US 2Y yield differential is 6bp lower post-release at -68bps for its lowest since May 7.
  • BoC-dated OIS is hovering around 15bp of a cut for the Jun 5 BoC, whilst CORRA futures have built to show 69bp of cuts over 2024 contracts (63bps prior), although further cuts over 2025 contracts are trimmed slightly to 67bps (69bp prior).

106 words

To read the full story

Close

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.
  • The dovish reaction to some particularly favorable recent inflation trends has built further, with 2Y GoC yields now -6bps since the CPI report for -7.8bps on Friday’s close.
  • 2Y Tsy yields are near unchanged over the post-data period after a short-lived spike higher on Fed Gov. Waller comments.
  • The Can-US 2Y yield differential is 6bp lower post-release at -68bps for its lowest since May 7.
  • BoC-dated OIS is hovering around 15bp of a cut for the Jun 5 BoC, whilst CORRA futures have built to show 69bp of cuts over 2024 contracts (63bps prior), although further cuts over 2025 contracts are trimmed slightly to 67bps (69bp prior).