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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
- A much stronger than expected US payrolls report dominated the weak Canadian jobs print, with OIS currently pricing in 34bps for March from ~29bps beforehand.
- BAX futures are down 8-10 ticks across much of the curve, with the largest rise in later whites and more firmly implying 6 hikes through 2022.
- GoCs are up ~6bps on the day across 2-10Y tenors with only the very long end outperforming with 30YY up 3bps. 2YY touched a pandemic-era high earlier of 1.3633%, up 36bps this year.
- As part of broader USD strength, UDSCAD got close to testing the recent high of 1.2797 (Jan 28 high), after which it could open key resistance of the 1.2814 (Jan 6 high), but since pulled back a touch.
Source: Bloomberg, MNI
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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