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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
- GoCs have opened after the Civic Holiday with a significant bull flattening, with the bull part from today’s focus on US-China-Taiwan risk and the flattening part catch-up from yesterday’s Tsy rally that had continued through the material sliding in ISM prices paid even if the overall index saw a small beat.
- With 2YY -1.8bps and 10YY -10.2bps, 2s10s falls -8.4bps to -43.5bps, through the brief low seen in the height of volatility at the onset of the pandemic and extending to new lows since 1990 – and with a similar story closer along with the yield curve with 2s5s -4.5bps at -39bps.
- Latest weekly consumer confidence doesn’t have an impact, almost unchanged at 46.2 having stabilised in recent months but outside of the depths of the pandemic is at the lowest since early 2009.
Canada government bond yields and 2s5s and 2s10s spreads (mid price vs ask in text for latter)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.
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