MNI BRIEF: Goolsbee Suggests Preference For Gradual Fed Cuts

CORRECTED-MNI INTERVIEW: Riksbank Could Cut 2-3 Times More

CORRECTED-MNI INTERVIEW: Riksbank Could Cut 2-3 Times More

MNI China Daily Summary: Friday, August 16

MNI BRIEF: China July Unemployment Rates Rises On Weak Economy

MNI BRIEF: Beijing Property Sales Steepen Decline In July

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 483; GAS RIGS 98

MNI: CANADIAN JUN MANUFACTURING SALES -2.1% MOM

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GoC Rally Fizzles Out With US

CANADA
  • The intraday rally in GoCs has fizzled out after a similar move in the US, having been started by a softer than expected employment cost index.
  • This leaves the 2Y GoCs at 1.243%, down 3bps from early today and almost exactly back to where they were once Powell finished speaking on Wed.
  • The spread over 2Y USTs touched just 5bps for the second day (just after Canadian open, now 7.5bps), the lowest since Feb’21.
  • Fiscal data for Nov appeared to have little impact. The deficit was C$1.4B vs the C$15.4B a year ago, with spending unsurprisingly lower and a 26% Y/Y increase in revenues, largely on tax revenue.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

To read the full story

Close

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.