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CANADA: 2Y Auction – Highest Bid-to-Cover Since May

CANADA
  • Canada sold C$5.5bn of the new 2.75% May 2027 at an average yield of 2.816%.
  • The bid-to-cover for the new 2Y of 2.626 is the highest for a 2Y since May. It follows a 5-auction average of 2.35.
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  • Canada sold C$5.5bn of the new 2.75% May 2027 at an average yield of 2.816%.
  • The bid-to-cover for the new 2Y of 2.626 is the highest for a 2Y since May. It follows a 5-auction average of 2.35.
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