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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 yields have seen a sizeable decline after initially firming on the 50bp ECB hike before slipping on a combination of front-loading guidance and various softer US data prints.
- Yields for 2H23 and beyond are currently down 7.5bps on the day and are back to levels seen just prior to the BoC’s 100bp and also front-loaded hike last week that at the time drove further inversion in the curve.
- Compared with more muted moves in front contracts (further evidenced by OIS for Sep 7 only dipping 1.5bps to 67.5bps), BAZ2/BAZ3 inversion nudges higher but sits within the post-BOC range at -53bps.
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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