VAST MAJORITY OF FOMC SAY PRUDENT TO SLOW QT FAIRLY SOON

BOC: IF THINGS EVOLVE AS EXPECTED, WILL BE APPROPRIATE TO CUT

BOC SAYS JUNE RATE CUT IS WITHIN REALM OF POSSIBILITIES

MNI BRIEF: Brazil Inflation 3.93% In March, Lowest In 9 Months

MNI Brief: China Targets Standards Update To Support Trade-ins

MNI BRIEF: Fitch China Outlook Downgrade Regrettable - MoF

MNI: US MAR TREASURY BUDGET -236.5B

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: 3/7/15+ Year BTP Auction Thursday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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GoCs Bull Steepen, USDCAD Back From Bull Trigger

CANADA
  • FI: GoCs bull steepen in a reversal having opened at new cycle highs from the belly outwards. With 2YY -6bps, 10YY -1bps and 30YY +1bps, the front-end underperforms Tsys but long-end outperforms.
  • FX: USDCAD trades +0.4% at 1.2918 having earlier hit 1.2954 vs the bull trigger of 1.2964 (Dec 20, 2021 high). CAD fares better than other risk sensitive majors with tight yield differentials helping (Can-US is 0bp for 2Y, -2bps for 10Y).
  • Data: Building permits slid 9.3% M/M in Mar after +21% M/M in Feb when two hospitals were issued. Residential permits trended higher, required to help take some of the heat out of the housing market.
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