Curve Your Enthusiasm
Enjoying the moment
Jun 10, 2024
Nicholas Neary, Managing Director at DV Trading Group, and Ian Pollick discuss the Bank of Canada interest rate cut, policy divergence views, safety of duration markets, yield curve steepening, interest rate relief, HQLA product insights, and favorite trades for the next two months.
24:00
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Quick takeaways
- The Bank of Canada's rate cut reflects market expectations and signals confidence in inflation recovery.
- Canada and the US post-2008 crisis show differing consumer responses and fiscal spending, impacting rate sensitivity and economic divergence.
Deep dives
Bank of Canada Rate Cut and Economic Outlook
The Bank of Canada implemented an anticipated rate cut, aligning with market expectations. The focal points were around inflation targets and rate divergence relative to the Fed. The statement indicated stronger confidence in inflation recovery and a relaxed policy stance. The meeting was considered normative with measured guidance for potential future cuts.
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