FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Risk-On Sentiment Dominates

CANADA
  • FI: GoCs bear steepen but have increasingly lagged the rise in Tsy yields. It’s seen a further trimming in Can-US yield differentials but they remain at a healthy +6bps (2Y) and +3bps (10Y) having only recently turned positive.
  • Higher yields have tightened domestic financial conditions materially but lenders hadn’t started to make additional tightening of lending conditions in the BoC’s Q1 Senior Loan Office survey, something that could help slow the pace of house price growth.
  • FX: Broader risk-on sentiment dominates FX moves today, with CAD, AUD and NOK all moving in unison as oil also firms.
  • USDCAD sits -0.9% at 1.2934 which could see it test support at 1.2914 (May 2 high) on a continuation of risk-on sentiment, but equally technicals suggest a bullish outlook for the pair which could be resumed if risk sentiment sours following the weekend.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

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.