Free Trial

Rates Awaiting Rogers Remarks

CANADA
  • BAX futures trade relatively changed through 2023 (yields mixed between +1.5bp, -2bp) before larger rallies thereafter (-6bps Jun’24) after broadly as expected Canadian retail sales and US Richmond Fed manufacturing earlier.
  • The terminal in the Mar’23 holds at a level implying a policy rate between 4.25-4.5% whilst near-term, OIS pricing is undecided between a 25 and 50bp hike for the Dec 7 meeting.
  • BoC’s Sr Dep Gov Rogers remarks on financial stability imminently.

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.