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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
- GoCs are off highs but still see sizeable gains on the day, led by 5s and 10s with the relative outperformance likely due to some spillover from the US 7Y auction trading through.
- Yields are 8.5/9bps lower for 5s and 10s but also 6bps lower for 2s and 30s, the latter offering somewhat less compelling levels ahead of tomorrow’s 2055 auction.
- The moves see 2Y yields at 4.524% hovering around lows seen after yesterday’s CPI data, having fully reversed the subsequent sell-off on strong US data, albeit still more than 10bps higher than prior to the BoC hiking on Jun 7.
- It also reverses the modest CPI-led steepening in 2s10s, back at -130bps.
Canada 2Y yieldSource: 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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