Free Trial

Intraday FI Sell-Off Extends, Maintains Flatter Rates Curve Than US

CANADA
  • 2Y GoCs have seen a modest paring of earlier gains, with 2YY at 3.57% off session lows of 3.45% with almost half that move coming from Credit Suisse talks headlines. It limits the decline in yields to -17bps on the day (with Tsys reducing prior outperformance with -23bps).
  • BAX futures also see a recent push lower, but large gains on the day are still led by the BAU3 (+0.28).
  • 2023 inversion narrows slightly on the day though, down to -0.26 from -0.31 over the past two days (vs +0.05 mid last week), much smaller than the -0.685 in Eurodollars.


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.