Free Trial

Market Snapshot Ahead Of Employment Reports

CANADA
  • GoCs holding bear flatter, with 2YY +4bp and 10YY +3bp. Modestly underperforms Tsys at the front end, outperforms at the long end.
  • BoC-dated OIS shows +17-18bp priced for next week’s decision with a cumulative +42bp to year-end.
  • USDCAD little changed on the day having consolidated yesterday’s climb after pushing through the 50-day EMA. An early high of 1.3387 tested 1.3386 (50% retrace of Mar 26-Jun 27 downleg). Currently 1.3364 but another run higher could open 1.3401 (50-dma).

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.