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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
- GoCs opened sharply higher and despite a small pull back, still see front-end yields down 5bps to reverse Friday’s move after the US and Canadian employment reports and longer end yields moving further below with 5Y and 10Y -6.5bps.
- The net result has been both 2s5s and 2s10s falling further into inversion at -10bps and -3bps respectively, with 2s5s in particular nearing lows from 2019 when looking through Mar’20 volatility.
- Broadly similar story in early trading for BAX futures coming ahead of tomorrow’s BoC decision, with the curve still extremely steep through 2022 before solid inversion thereafter and implied rates for late 2023/early 2024 back close to where they were after the Jun 1 BoC.
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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