Free Trial

GoCs Tracking Tsys Despite 3Y Auction Tailing

CANADA
  • The Can-US front-end yield differential sits a narrower 5bps after Friday’s jobs report (>15bps prior) with US CPI a clear potential trigger tomorrow.
  • Local focus also on cost-of-living help after the delay with the Queen’s death and with further work at the Liberal caucus started yesterday.
  • The federal government is going to temporarily double GST rebate cheques, whilst markets look if there is any further increase in the size of increase in aid to help low-income Canadians pay their rent and launch the first part of a national dental care plan key to keep the NDP support pact alive. There is added impetus for the Liberals to come up with a package after Pierre Poilievre decisively won the Conservative leadership context at the weekend.

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.