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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
- Underperformance in Canadian rates to the US is equally evident in front-end GoCs, with 2Y yelds -3.5bps vs the -5.5bps for Treasuries.
- With front rates seen peaking close to levels after the July BoC and front end GoCs only just off recent highs, the curve has re-flattened in recent days with 2s10s of -54bps only a few bps off pre US CPI fresh post 1990 lows.
- There are multiple potential triggers from data ahead, starting at 0830ET with Canadian IPPI the local focus whilst hitting at the same time as US jobless claims and the Philly Fed survey. IPPI is expected to fall -0.8% M/M after CPI inflation was dragged by falling energy prices, with attention on signs of underlying strength away for energy.
Source: Bloomberg
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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