Free Trial

GoC Underperformance Extends Pre-BoC Presser

CANADA
  • GoC underperformance to Tsys has increased a little further since the rate decision and with JOLTS also at play.
  • 2Y GoC yields now 3bps higher (unch on the day) vs 0.5bp for Tsys since just before the BoC announce.
  • USDCAD currently at 1.3536, off a low of 1.3525 that’s been helped by broader USD weakness. Support is seen at 1.3494 (50-day EMA).
  • CAD still underperforming high beta peers.
  • BoC presser link for 1030ET: https://www.bankofcanada.ca/multimedia/press-conference-policy-rate-announcement-march-2024/

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.