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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.
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Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
N/A Labour Market Data Weighs On Bonds, One Further BoC Hike Now Fully Priced
Canadian government bond benchmarks now sit 10-12bp cheaper on the day after a ~3bp parallel shift higher in yields ahead of the North American labour market data.
- The combination of the spill over from the U.S. NFP report and the generally firmer than expected showing for the Canadian labour market (based on headline metrics) are the drivers, with the 5- to 10-Year zone leading the weakness.
- Terminal policy rate pricing on the BoC-dated OIS strip now sits at ~5.27% (come March ‘24), after adding ~9bp vs. pre-data levels, meaning that one further 25bp hike is now more than fully discounted.
To read the full story
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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.