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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Marginally Richer Start, Goolsbee "Market Got a Little Ahead of Itself"

US TSYS

Cash tsys have opened dealing ~1bp richer across the major benchmarks. A Chicago Fed President Goolsbee noted this morning that the market may be getting ahead of itself when it comes to rate cuts, adding that such easing will only be justified if inflation continues to cool toward the central bank’s target (BBG). TYH4 deals at 112-14, unchanged from Tuesday's settlement level, a narrow 0-03+ range has been observed.

  • A thin docket for the remainder of the Asian session leaves participants on headline watch.
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