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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
- One area that pushes back on greater inversion in GoCs compared to Treasuries in the earlier post is market measures of inflation expectations.
- Canadian 5Y and 10Y breakevens are close to the 2% inflation target, having proven resilient to the strength in yesterday’s core CPI prints.
- That’s contrary to the US 10Y nearer 2.5% and 5Y 2.7%, which purely from an inflation expectations perspective could help Canada see a less severe play out of rates needing to be higher for longer and the impact this could have on growth. A spread between the two is typical but the 5Y in particular is running about twice the size of pre-pandemic levels - see charts.
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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