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2s10s Pull Back After Fresh Lows Of -100bps

CANADA
  • GoC 2s10s have pulled back further after opening with fresh post-1990 lows around -100bps, currently back to -97bps with the nudge higher extending after the miss for building permits.
  • Clearly still exceptionally inverted, the curve sits near Friday’s levels after both US and Canadian employment reports on balance beat expectations (more clear cut in the US).

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