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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 are reversing the early session cheapening to leave them near a richer open, more so at the long end for a solid bull flattening with 2YY -3.5bps and 10YY -6bps.
- Long end yields have fully unwound Friday’s shift higher when a storming US payrolls report was offset somewhat by weaker growth implications from a second monthly contraction in Canadian employment.
- The combination pushes 2s5s and 2s10s to new flats at -43bps and -53bps, fresh post-1990 lows.
- With only limited further outperformance to Treasuries today, Can-US yield differentials largely keep to recent lows with the 2Y +0.5bps and 10Y -9bps.
GoC 2s10s (white) and 2s5s (pink)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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