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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
- Front end GoCs are holding to small underperformance to Tsys following respective labour reports that both saw surprise declines in the unemployment rate.
- The curve has seen a broadly parallel shift higher since the release, with yields +6-8bps as 2YY move further above 4% and with 2s10s at -66bps.
- In what could have been seen as a mixed Canadian report with wage growth coming in softer than expected and tepid full-time job growth, the market appears to put more weight on the u/e rate moving back closer record lows (from 5.4% to 5.2%, vs cons unchg - first chart) as the overall participation rate continues to trend the wrong direction for the BoC (second chart).
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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