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2Y Auction: C$4B at av 3.747%

CANADA
  • Canada sells C$4B of the 3.75% 2025 at an average yield of 3.747% and high yield of 3.749%.
  • Bid-to-cover at 2.324 sits a little below December’s 2.387 and November’s 2.331.
  • Small rally in 2Y GoC yields since the result but still off session lows amidst post US CPI volatility, currently down 5bps at 3.824% (Tsys -6.7bps).

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