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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
- BAX futures trade 4 ticks lower for the Jun’23 and ~10 ticks lower through to end-2024 with the move coming after the earlier employment report (capped by wage growth moderating) along with a sell-off in US rates.
- In doing so, it trims some of the week’s rally but still leaves implied yields below Monday’s close (Jun’23 at 4.85%, Dec’23 4.035%) having been dragged lower by spillover from the JOLTS miss on Tue.
- Ahead of the BoC on Wed, the BAM3/Z3 spread narrows 0.075 on the day to -0.545 but still points to an additional 10bps of cuts through the year since the end of last week.
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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