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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
- GoCs trade between 12bp and 17bp richer on the day, led by the belly. 2s sit 15.5bp richer as they track Tsys, with some outperformance further out the curve seeing the Can-US 10Y yield differential widen again to -83bps.
- CORRA futures no longer price any hikes, with a first cut in the Jun’24 contract (some analysts agree with including CIBC and Desjardins with calls for a first cut in 2Q24), building to a cumulative 81bp in 2024 as a whole.
- As with the US payrolls report, the Canadian labour report saw softer than expected figures across the board, with jobs at 17.5k vs exp 25k and with full-time -3k, the u/e rate at 5.7% vs exp 5.6% and wage growth at 5.0% vs exp 5.2.
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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