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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
- GoCs hold earlier underperformance to Tsys, trading 3-4bps richer vs 4-6bp for Tsys, with the largest difference in 5-10Y tenors amidst continued focus on potential QT taper timing.
- The 1.5-2bp narrowing in negative Can-US yield differential helps unwind Friday’s post-jobs reports move, with the 5Y of -63bps nudging to its highest since Dec 27 although the 10Y at -78bps is still more recently rangebound.
- Nearer-term, the first cut is seen almost fully priced for the April BoC. Further out, 3mth CORRA futures trade up to 4bp richer for Dec’24 and Mar’25 contracts, leaving CORH4/Z4 of -102bps at the higher end of the range since Dec 19 but not at extremes.
- Tomorrow sees international trade and building permits headline the local docket.
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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