US 10YR FUTURE TECHS: (H6) Still Trading Above Support

Jan-09 14:31

* RES 4: 113-00+ 61.8% retracement of the Nov 25 - Dec 10 bear leg * RES 3: 112-31 High Dec 18 and k...

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US TSY OPTIONS: Latest 5Y Options

Dec-10 14:30
  • 7,000 FVH6 108/108.75 2x1 put spds
  • 1,757 FVF6 109.25/109.5 call spds

EQUITIES: US Cash Opening calls

Dec-10 14:26

SPX: 6,839.2 (-0.0%); $DJIA: 47,532 (-0.1%/-28pts); NDX: 25,636.6 (-0.1%).

BOC: Analysts Unanimous On Dec Hold, Diverge On Whether Next Move Is A Hike

Dec-10 14:20

Analysts are unanimous on a December rate hold by the BOC. See table below for current views.

  • Almost all analysts have removed any further rate cuts from their outlook since the October meeting and, latterly, the November labour market report.
  • Some have started to see rate hikes by early 2027 enter their base case (Scotiabank already had hikes as part of their outlook).
  • No Canadian analysts see further cuts. Some non-Canadian institutions see the BOC's easing cycle as not-quite-over: BofA expects two 25bp cuts early next year, with ING eyeing a final 25bp cut. 
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