MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Partial Retracement Of GoC Rally Whilst CAD Outperforms Majors

CANADA
  • FI: GoCs have largely taken their cue from Tsys since open, with a reasonable bear flattening that has since been trimmed to modestly outperform USTs.
  • 2Y yields are up 3bps whilst long-end yields range from +1bps to unchanged. The rise in front-end yields is only a partial retracement of yesterday’s post-FOMC rally, with 2Y yields 13bps below yesterday’s highs of 2.77% (highest since 2008).
  • FX: USDCAD trades +0.2% at 1.2769, moving above the initial post-FOMC drop but as CAD outperforms other majors.
  • Yesterday’s move lower unwinds some of the recent climb in the pair but it’s still high and continues to be considered corrective from a technical perspective. Resistance is eyed at yesterday’s high of 1.2853 (May 4 high) whist support is seen at 1.2714 (Apr 29 low).
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

To read the full story

Close

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.