Free Trial

2Y Yields Extend To Fresh Cycle Highs

CANADA
  • 2YY GoCs hit new post-2007 highs of 4.071%, +2bps from Friday’s close to push further above the 4% cleared with Friday’s open.
  • Latest upward momentum for yields potentially helped by a sizeable beat for China loans/aggregate financing with oil also firming.
  • Minimal impact from the IMF cutting its 2023 global GDP outlook even at the longer end (10YY still +6.3bps) or faster deterioration in weekly consumer confidence.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.