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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
- BAX implied yields have pushed lower again although remain off post data lows.
- Those lows were most likely driven by softer US data but had a helping hand from an energy-led slowdown in Canadian industrial and raw material inflation.
- OIS easing to price nearer 20bps of hikes for next week’s BoC decision is also reflected by the front Mar’23 yield trading 3.5bps lower, sliding out to 13bps for the Jun’24 as inversion continues to set new limits with BAH3/Z3 at -0.895 and BAZ3/M4 breaching 100bps at -1.055.
- With implied yields now down 11bps for the Dec’23 and almost 40bps for the Jun’24 since the Dec 7 decision, it could increase the odds of relatively more hawkish guidance in the following press conference.
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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