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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
- BAX futures have for the most part seen a narrow range for the session, only materially breaking out of it with stronger than expected US PPI inflation along with other more mixed data before completely retracing the move.
- It leaves implied yields 2-3.5bps lower through 2023 and in 1H24, minimal compared to the substantial push higher in late 2023/1H24 yields of the past few weeks (Dec’23 65bps higher and Jun’24 92bps higher than after the BoC’s Jan 25 decision).
- Near-term rate expectations remain little changed, with OIS showing only a ~5bp hike priced for the Mar 8 decision.
- BoC Dep Gov Beaudry still to come late at 1755ET. Tomorrow sees input price pressures for Jan before CPI on Tue.
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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