Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

AUSSIE 3-YEAR TECHS

(U2) Back Above Bear Trigger

NEW ZEALAND

Markets Closed

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Sizeable Fluctuations In GoC Yields

CANADA
  • There was a fiscal surplus of C$5.5B in Feb compared with a deficit of C$14.4B in Feb’21 as revenues surged back with a 48% increase along with a 14% fall in program spending.
  • Despite this, yields have pushed back nearer to session highs seen after the strong GDP plus US ECI/spending data before fading in part with the MNI Chicago PMI miss -- 2YY currently +10bps, 10YY +8.5bps.
  • TD on May 1 extension: will occur on May 2 (0.08 years for overall). The extension likely underwhelms as it is not a traditional extension date, and it is the first of this set of extensions (May 1, June 1 and June 15) but it will set the stage for a very constructive backdrop in May.
124 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • There was a fiscal surplus of C$5.5B in Feb compared with a deficit of C$14.4B in Feb’21 as revenues surged back with a 48% increase along with a 14% fall in program spending.
  • Despite this, yields have pushed back nearer to session highs seen after the strong GDP plus US ECI/spending data before fading in part with the MNI Chicago PMI miss -- 2YY currently +10bps, 10YY +8.5bps.
  • TD on May 1 extension: will occur on May 2 (0.08 years for overall). The extension likely underwhelms as it is not a traditional extension date, and it is the first of this set of extensions (May 1, June 1 and June 15) but it will set the stage for a very constructive backdrop in May.