Free Trial

Hawkish Canada Weighing on ED Whites-Reds, Tail Wags Dog

US EURODLR FUTURES

Knock-on effect of Bank of Canada's hawkish policy annc (steady rate but ending QE/moves to reinvestment phase pushes forward rate liftoff from 2H22 to midyear) is weighing on Eurodollar Whites-Reds, particularly Sep'22 to Red Jun'23, trading 0.070-0.080 lower. A bit of "tail wags dog" scenario desks quip.

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.