Free Trial
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
- The GoC curve heads towards next week with 2s10s back at -51bps (-2.5bps on the day), less than 10bps off recent sustained lows in a similar flattening seen in Tsys with Powell’s active pushing of higher rates for longer with growth expectations accordingly remaining depressed.
- Growth will remain in focus with GDP for June/Q2 on Wednesday, the last major release ahead of the Sep 7 BoC. Real GDP growth has been particularly resilient, 5.6% Y/Y in May, but indicators have continued to soften, most recently small business confidence (which admittedly is less likely to have benefited from terms of trade gains).
- The Sep 1 extension is also in play, with TD noting the 0.10 year extension for the overall, which “brings a modest but still notable punch for the long-end at 0.06 years”.
GoC 2s10s (pink line)Source: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok