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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 extended their post-CPI rise and outstripped the sell-off seen in Treasuries over the same period, with 2Y GoCs +3.8bp vs Tsys +3bp and 5Y GoCs +5.5bp and +3.0bp post-data.
- There's no change in hike expectations but cut pricing is trimmed. 3M CORRA futures are unchanged for the Z3 but have seen implied yields lift up to 4.5bps for 2H24 contracts, with BAZ3/Z4 tightening from -89bps to -85bps.
- It’s a surprising reaction considering the decline in core trend rates: the same M/M rates in November would see the three-month rate slow further from 3.0% to 2.0% annualized (as a particularly strong 0.4% M/M from August drops out).
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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