Free Trial
EURIBOR OPTIONS

Downside put spread

USD

SEK is now the best performer

CZECHIA

10Y Yield Falls Back Below 5% Level

STIR FUTURES

Continuing upside momentum

OIL PRODUCTS

Russian Product Exports Edging Higher in June

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

Terminal Rate Back On The Rise

CANADA
  • BAX futures yields move higher with increases mainly in the red pack (5.5bps) on the second day of unwinding a sharp rally from early in the week which leaves them more than 25bps below previous highs.
  • It appears less to do with BoC’s Macklem noting the neutral rate could rise gradually over time and more just lagging moves in Eurodollars.
  • More modest increases in the white pack for what’s already a steep path through 2022, perhaps waiting for tomorrow’s GDP, with a strong +0.8% M/M expected in Feb after last month’s flash release plus the new flash for March.


98 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.
  • BAX futures yields move higher with increases mainly in the red pack (5.5bps) on the second day of unwinding a sharp rally from early in the week which leaves them more than 25bps below previous highs.
  • It appears less to do with BoC’s Macklem noting the neutral rate could rise gradually over time and more just lagging moves in Eurodollars.
  • More modest increases in the white pack for what’s already a steep path through 2022, perhaps waiting for tomorrow’s GDP, with a strong +0.8% M/M expected in Feb after last month’s flash release plus the new flash for March.