Free Trial

Market Impact Of Stronger IPPI Clouded By Global FI Sell-Off Just Beforehand

CANADA
  • GoC yields have rallied very slightly since stronger than expected IPPI inflation (0.4% M/M vs cons 0.1%), although the impact was muddied by a global FI sell-off just into the release which has since been pared somewhat. Yields sit 1-2.5bps lower across major benchmark tenors.
  • * USDCAD meanwhile sees little impact, for now pausing having pushed to a fresh high of 1.3571 just before the data as equities tilted lower still, nearing resistance at 1.3585 (Jun 1 high), clearance of which could open a key 1.3655 (May 26 high).

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.