Well, that’s a big HELOC payment…

Curve Your Enthusiasm

Ian is joined by Jeremy Saunders this week, and the duo begin the episode discussing the Bank of Canada rate decision this past week. Jeremy discusses his view on terminal rates becoming more ‘bounded’, while Ian introduces the concept of a higher lower bound. Both have profound implications for the shape of the yield curve compared to prior cycles. The hosts take some time to walk through what trades worked well for them recently, and discuss the outlook for 5yr swap spreads. The pair finish the show by talking about why the Canadian dollar might just be the biggest swing factor when it comes a higher Canadian terminal rate.

Featured in this episode

Jeremy Saunders
Jeremy Saunders
Featured Guest

Podcast episode contributor

In this series: Curve Your Enthusiasm

Your feedback matters to us!

Please fill out the form below to share your feedback to the CIBC Capital Markets Insights team.
If you would like to provide further details, please feel free to contact us.