Free Trial
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 reversed the earlier move lower to leave them little changed from Friday’s close, with yields up 1-2bps through to end-2023, in stark contrast to Eurodollars yields cranking higher (EDZ2 +11.5bps, EDZ3 +13.5bps).
- After an already sizeable re-pricing of higher rates through 2023, there is a reluctance to increase much further ahead of tomorrow’s BoC decision with question marks over potential rate guidance ahead once it will presumably be in restrictive territory.
- As it is, BAX yields sit at a level crudely consistent with a terminal policy rate of circa 3.75% in the Dec’22, seen largely holding there through 1H23 with the first full 25bp cut not until closer to mid-2024.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok