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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
- The soft retail sales and advance manufacturing data have seen the day's earlier upward momentum in Can-US yield differentials reverse.
- GoC yields are 3bps (2Y) and 1.5bps (10Y) lower since the data compared to flat to modest increases in Tsy yields, with the 3bp swing in the 2Y differential leaving it now -1bp on the day at -69bp.
- This differential is still 9bp higher than the close after soft CAD CPI and hawkish Fedspeak was seen as a continued divergence between the US and Canada.
- BoC-dated OIS slips from a little less than 15bps to closer to 16bp of cumulative cuts for June, whilst CORRA futures shift from 62bp to 66bp of cuts over 2024 contracts.
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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