April 18, 2024 16:18 GMT
10Y Auction – Highest Bid-to-Cover Since August
CANADA
- Canada sells $5bn of its 3% Jun’34 at an average yield of 3.749%.
- The bid-to-cover of 2.357x, nudges up from 2.336x in March and a 2.30x five-auction average for its highest since August.
- The Can-US yield differential tracks mostly sideways today, off Tuesday’s soft CAD CPI-induced low of -95bps but still historically depressed at circa -90bps.
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