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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 have more than retraced a large spike driven by beats in both CPI and US retail sales before seasonality distortion questions arose in the latter and Blinken comments muddied things.
- The average core measure rose 0.2pps from an upward revised 3.0% to 3.2% Y/Y (above the 1-3% target range). Further, every main component accelerated on the month in sequential terms bar shelter, which was +0.5% M/M after +0.6%.
- Despite this, 2YY are 1bp lower since pre-release at 1.546%. Some of the initial flattening has been maintained however, with 2s10s sitting at 40bps, off late lows of 38bps (Nov-2020 lows).
Canada govt bonds, 2y (green), 10y (yellow) and spread (white)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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