Free Trial

GoCs Shrug Off CPI But Federal Strikes Could Still Disrupt

CANADA
  • GoC yields are mostly at the low end of the day’s narrow range although continue to push lower for the 30Y, currently leading the way at -4.7bps.
  • The 2Y (-2.8bps) underperforms the curve after limited reaction to an almost completely inline March CPI print plus Gov Macklem unsurprisingly sticking to last week’s guidance.
  • Still to come: federal workers could strike tomorrow in one of Canada’s largest strikes if tonight’s wage deal with a 9pm ET deadline falls through, whilst tomorrow sees data for input cost prices and housing starts, plus a 5Y auction with C$5B of the 3.5% 2028 to be issued.

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.