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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
- BoC-dated CORRA OIS has seen a second session of sizeable paring of hiking expectations, following on from Friday’s drop after US and Canada jobs reports.
- It currently shows +7bp for next month’s decision with a terminal now seen in October with +13.5bp. That compares with +10bp for Sept and +21bp for a terminal in Dec from Thursday’s close.
- BAX futures meanwhile are off highs from early in the session but still see an increasingly large rally out the curve building to +0.05 for the Dec’24 which puts the BAU3/Z4 spread at -85bps for its most inverted since Jul 21.
- Tomorrow sees CAD building permits before likely spillover from US CPI on Thu, but the next major domestic focus will be CAD CPI next Tue for the last CPI report before the BoC 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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