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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 yields sit 9-14bps higher out to end 2023 since the BoC decision to hike 50bps to 4.25% (~32bp priced).
- It pushes a roughly implied terminal more into the 4.25-4.5% range with further increases capped by “considering” whether to hike further.
- No ‘higher for longer’ type message has meant relatively little change in slopes after inversion had already built ahead of the meeting: BAH3/Z3 sits at -0.62 and BAZ3/BAH4 -0.77.
- Attention turned to any further guidance with Dep Gov Kozicki’s Economic Progress Report tomorrow, remarks published 1230ET.
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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