Free Trial

Front BAX Yield On Track For Highest Close Since Mar 10

CANADA
  • BAX implied yields are off session highs but still leave the front BAM3, which is also the peak, on track for the highest close since Mar 10 were trading to stop now (4.61%, +12.5bps).
  • The broadly parallel shift higher across the curve leaves the BAM3/Z3 spread at -0.38 compared to the -0.53 for SOFR after the BoC had already shifted to a conditional pause.
  • CPI comes into local focus tomorrow, with base effects seen weighing more notably on Y/Y readings and focus on the BoC’s core measures after recently hovering around 3.5% annualized.

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.