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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
- CAD rates have continued to sell-off, although later moves have been more linked to US spillover to modestly build on a large reaction to stronger than expected Canadian CPI.
- CORU3/Z4 has seen a significant tightening on the day from -39bps to -24.5bps for fresh absolute lows since Aug’22. That spread partly hides CORRA implied yields now seen topping out with the Mar’24 contract with more than one additional hike priced (5.295%), and with that first cut not coming until the Dec'24.
- The Dec’24 implied yield of 4.88% has increased more than 25bps since the close following the Sep 6 BoC decision.
- Tomorrow sees the BoC minutes from that decision shortly before the FOMC decision.
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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