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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
- BAX futures have increased over the past hour but still see double-digit declines from the late white pack outwards. Almost half of this has come since US payrolls.
- A larger daily move in Eurodollars means that after FRA-OIS spread differences, BAX and Eurodollars now price in a roughly similar rate path, albeit one in which US rates peak a quarter earlier and see slightly larger inversion.
- Over the nearer-term, BOC-dated OIS sits at 44bps for Apr 13 whilst Jun 1 pricing has firmed 3bps to 83bps since payrolls.
- Rate call changes this week have included BMO and JPM now looking for back-to-back 50bp hikes, whilst BoA, Citi and UBS go one step further with three consecutive 50bp hikes (although UBS then sees a lengthy pause at 2%).
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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