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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
- GoCs have seen a little more outperformance to Tsys through the session, with Can-US yield differentials dipping 1-2bps across 2-10Y tenors.
- The outperformance is evident in rates space as well, with 3-mth CORRA futures as much as 5 ticks richer on the day vs 3 ticks for SOFR.
- CORH4/Z4 at -74.5bps has given back some of Monday’s push higher to -71bps for what had been its least inverted since the surprisingly soft February CPI report on Mar 19.
- As for the nearer-term, BoC-dated OIS is showing closer to 14bps of cumulative cuts for June vs a little less than 50/50 odds of a cut both yesterday and earlier today.
- The CAD jobs report is the next major local catalyst here.
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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