MNI BRIEF: Canada Debt Management Strategy Highlights

CANADA BUDGETS 2024-25 DEFICIT OF CAD39.8B OR 1.3% OF GDP

MNI BRIEF: BOC's Macklem - Inflation Moving In Right Direction

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

AUDUSD Falls To Fresh 5-Month Low, USDMXN Rises Above 17.00

EZ/UK Bond Supply Calendar: Greece, Italy, UK, Germany Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction Wednesday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

What to Watch: Post-FOMC Adjustment, Dovish BoE

MARKET INSIGHT
FI markets weaker but off lows following dovish BOE. Tsys unwind small portion of Wed's post-FOMC front-end lead rally after Fed Chairman Powell poured cold water on chances of 75bp hike in the near term.
  • It's not that the Fed is less hawkish after hiking 50bp and penciling in June for start of QT, it's that the relief rally that followed Chairman Powell's presser was overdone. Short end remains under pressure, pricing in 50bp hikes over the next two meetings with a third in Sep appr 90% priced in.
  • Fed exits blackout tomorrow, raft of Fri speakers includes Williams, Kashkari, Bostic, Daly and of course Bullard.
  • Economic data on tap at 0830ET:
    • Challenger Job Cuts YoY (-30.1%, --)
    • Initial Jobless Claims (180k, 180k)
    • Continuing Claims (1.408M, 1.400M)
    • Nonfarm Productivity (6.6%, -5.3%)
    • Unit Labor Costs (0.9%, 10.0%)
  • Treasury supply:
    • US Tsy $35B 4W, $30B 8W bill auctions at 1130ET.
  • Geopol risk:Market remains alert for developments on Russia war in Ukraine, knock-on effect to markets. Meanwhile, Sweden’s Foreign Minister Ann Linde said she had received assurances from US Secretary of State Antony Blinken on a potential NATO membership bid in Wed State Dept meeting.
  • Cross-Asset Roundup: Crude stronger (WTI +1.44 at 109.25); Gold stronger (+18.16 at 1899.38; SPX weaker (ESM2 -23.25 at 4272.0).
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

To read the full story

Close

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.