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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
- FX: USDCAD firms as equities dip on sell-programs, back above the previously cleared support at the 50-day EMA of 1.2695 on the way to touching session lows of 1.266 earlier.
- This has opened key short-term support of 1.2636 (Feb 10 low) but will likely require some de-escalation to hit this barring a surprisingly hawkish BOC on Wed.
- FI: The same risk-off pattern see GoCs firm further, with the front-end touching new sessions lows (-8bps on the day). Belly and longer-end yields also firm sharply but remain off earlier lows, with a modest steepening on the day at a still very flat 37bps for 2s10s.
- Little yield differential to speak of from a USDCAD cross perspective, with Can yields 1.5bps higher at the front end and 1bps lower at the long end.
Source: Bloomberg
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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