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
- BAX implied yields are hanging onto increases through to early 2023 (+5bps in 2H22), supported by stronger than expected CPI inflation, especially within the details.
- Combined with another +2% M/M increase in Teranet/National Bank house prices in April (contrary to the fall in resale prices), this has seen a further front-loading in the rate path whilst longer rates rally.
- Similarly, OIS drifts higher to 53-54bps of hikes priced for the Jun 1 BoC decision.
- The net result is a crudely implied terminal policy rate between 3-3.25%, reached in early 2023 and with only limited inversion into 2024.
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