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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
- GoC yields are currently down -27.5bps for the 2Y and -19bp for the 10Y following the BoC surprisingly hiking 50bp even though 75bp wasn’t a done deal either. It retained relatively hawkish language but added “this tightening phase will draw to a close. We are getting closer, but we aren’t there yet” with stagnant growth seen helping supply catch up with demand.
- There are standout moves in various areas, with the 2YY at 3.87% down 44bps from Friday’s high of 4.31% prior to weakening US data.
- Further, the 19bp decline in the 10YY is led by a 22bp slide in the breakeven, which at the current 1.86% would be the lowest close since Oct 3, 60bp lower than in the US compared to ~40bp pre-pandemic as the spread re-widens.
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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