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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
- Risks of softer growth, hinted at most strongly by the large miss in the US Empire State manufacturing survey have dominated GoC trade so far today, with a belly- to long-end led rally (2YY -4.5bps, 5YY -7bps, 10YY -6bps).
- The modest flattening on the day sees 2s10s dip to -51bps, closer to pre-US CPI lows of -58bps and the lowest since 1990.
- The latest Bloomberg analyst survey implies an expected steepening ahead to circa -35bps for year-end, with a median 2YY of 3.24% and 10YY of 2.9%. The lifting is seen being done by the 10Y considering current yields of 2Y 3.19% and 10Y 2.68%.
Source: Bloomberg
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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