MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1894 Thurs; -1.38% Y/Y

MNI BRIEF: Bank of Korea Cuts Policy Rate to 3.00%: Press

MNI: BANK OF KOREA CUTS RATE TO 3.00%: PRESS

MNI: GERMANY NRW NOV CPI -0.3% M/M, +1.9% Y/Y

MNI: BAVARIA NOV CPI -0.2% M/M, +2.6% Y/Y

MNI: SPAIN NOV FLASH HICP +0% M/M, +2.4% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

GoCs See Sizeable Bear Steepening Ahead Of Budget

CANADA
  • FI: GoC yields are on for a notable bear steepening today, with 2YY +2bps, 10YY +8bps and 30YY +11bps as long end yields rise back to highs seen since the BoC indicated it could act forcefully.
  • GoCs had been largely tracking Treasuries earlier but have since underperformed with the budget ahead.
  • Little change in rates from earlier, with BAX futures firming up to 6.5 ticks in the red pack but it makes relatively little difference to an aggressive rate path.
  • FX: USDCAD trims earlier gains to sit +0.3% at 1.2579, as CAD and Antipodeans suffer the most from dollar strength after a string of solid appreciation against the greenback. It hovers back closer to the 20-day EMA of 1.2572.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage
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.