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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
- 3M CORRA implied yields have tumbled today in spillover from the softer than expected US CPI data, with the Dec’23 -4bps, the Mar’24 -12.5bps and the Dec’24 -22bps.
- Coming back from yesterday’s Remembrance Day, it sees 2024 cut expectations judging by a Z3/Z4 basis build materially to 83bps from 65bps at Friday’s close.
- It pushes back towards the recent high for cut expectations of 86.5bp on Nov 3 after both US and Canadian employment reports saw surprise increases in the unemployment rate.
- Further US spillover is likely from retail sales and PPI tomorrow, with local data potentially biasing reactions at the margin with manufacturing and wholesale sales before home sales.
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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