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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
- With the BoC presser wrapped up, 2Y GoC yields sit 5.3bps higher than before the 0945ET decision (US Tsys +2bps over the same period).
- 3-mth CORRA futures see a larger move, with late 2024/early 2025 contract implied yields 6.5-7bps higher, pushing CORH4/Z4 to 84bps of cuts from 88bp prior. Implied yields are still down heavily from last week – see table.
- USDCAD has set recently set a new session low of 1.351 but it owes the move to broader USD weakness, with CAD still underperforming high beta peers and mid-pack across broader G10 FX.
- Support seen at 1.3494 (50-day EMA) after which lies 1.3441 (Feb 22 low).
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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