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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
- Rising as much as 18bps through 2H2023, BAX implied yields are back to very similar levels seen after the surprise front-loaded 100bp hike at the Jul BoC.
- As such it sees the Dec’22 contract crudely implying an overnight rate a little above 3.5% (vs OIS currently showing a peak above 3.6% in Jan) from 2.5% at present.
- Inversion in 2023 is trimmed very slightly in the process, but still shows almost 60bps of cuts through BAZ2/BAZ3.
- Looking ahead to next week, US CPI sits front and centre in an extremely quiet week for local releases.
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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