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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
- The sharp rally in Treasuries after the 20Y auction traded through by 1bp has done relatively little to close the day’s large widening in CAN-US yield differentials ahead of tomorrow’s CAD CPI.
- GoCs have only seen ~1bp of underperformance since the auction after sizeable outperformance ahead of it amidst a light local docket.
- GoC outperformance is clearest at the front end, with 2Y GoCs 4.7bp richer vs 2Y Tsys 1.7bp cheaper, pushing the 2Y differential to -48.3bp for what would currently be the lowest close since Nov 10 (the final close before softer US CPI on Nov 14 with Remembrance Day landing in between).
- If it gets much beyond -50bps it will see levels last seen in March.
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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