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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 are slightly off lows but hold most of the day’s modest sell-off, having held some underperformance to US rates ever since early trade.
- Sep'23 -0.005, Dec'23 -0.02, Jun'24 -0.03, Dec'24 -0.03.
- It sees a second session of inversion trimming, with the Sep-Dec’23 spread nudging to +4bps (from +2.5bp) and the Sep’23-Dec’24 to -88.5bp (from -91bp). The latter is still notably lower than the -65bp seen before the US CPI miss dominated market reaction to the BoC’s decision to hike 25bps on Wed.
- Wholesale trade earlier was notably stronger than the limited survey consensus but in line with what the advance release had pointed to, with focus more firmly on tomorrow’s CPI report and especially recent monthly momentum.
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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