Free Trial
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
- Contrary to the twist steepening in the US, GoCs have rallied across the curve from Friday’s close.
- The short end has marginally underperformed, with 2YY -0.5bps at 1.346%, as it remains relatively pinned by short-term rate expectations, whilst the belly to long end is down -1-1.5bps.
- BAX futures trade 1-3 ticks above Friday’s close through the whites and reds but this is a small move after falling 12.5 ticks on Friday with payrolls. This leaves the curve some 10-15bps higher than following the BoC and Fed's Jan decisions.
- The next significant local driver is likely BoC’s Macklem speaking on Wed. His speech is titled “The role of productivity in fostering non-inflationary growth”, having noted at last week’s testimony that the rate path will hinge on expected productivity gains.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok