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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 sell-off slightly after with the open, with yields rising ~1bp across the curve after rallying 9bps in 5Y and 10Y tenors yesterday. It leaves the 2s5s inversion of -5.5ps close to yesterday’s low, having become inverted for the first time since Mar’20 on Monday.
- Can-US yield differentials have dipped from yesterday’s highs but remain at the high end of recent ranges with +18bp for the 2Y and +27bp for the 10Y.
- The tentative start to the day is echoed in early BAX trading, with yields crawling across the curve after sliding yesterday to drive further inversion through 2023 with 45bps of cuts priced through Dec'22-Dec'23.
GoC 2s5s spread (shown as mid price and not ask price in text)Source: 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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