Free Trial
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
- The relative outperformance of GoCs to Tsys today has seen a further narrowing in the short-end yield differential.
- With 2Y GoCs up +1.3bps and Tsys +3.bps, the differential is just 2bps, having been 17bps just a week ago and touching 32bps prior to the BoC/FOMC meeting.
- Combined with the longer end of the curve seeing an increasingly large negative spread, e.g. 10YY diff of -10bps, this has removed a supporting factor for CAD.
Canada GoC 2Y yield (white), UST 2Y yield (yellow) and differential (green). Note that only showing for Canada trading session. Source: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok