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10Y Govt Yields Highest Since Mar 2019

CANADA
  • GoCs are up 5.5-6bps on the day across most of the curve, with only the very long end outperforming.
  • With the UST 10Y exceeding 2%, this briefly dragged the 10Y GoC north of 1.9%, above the 1.895% from Jan 19th to the highest since Mar 2019.
  • As in the US, the adjustment on the day has been led largely by higher real yields.

Canadian 10Y govt bond yield (%)Source: Bloomberg


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