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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
- BAX implied yields are holding onto the large increases seen on the upside surprises in US data.
- This has near-term yields up strongly on the day (Dec’22 +10bps) whilst yields further out have unwound an earlier decline (Dec’23 unch), accelerating inversion through 2023 with 55bp of cuts.
- On the flip side, the rise in Eurodollars yields is largest in 1H24 which has seen a slight trimming of recent inversion to 67bp of cuts through 2023.
- The recovery in the Canadian near-term rate hike path is supported by the inflationary pressure evident in Monday’s BoC surveys with the next major driver employment reports on Friday before the BoC decision next Wednesday.
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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