February 13, 2025 17:06 GMT
CANADA: 5Y Auction – Bid to Cover Within Recent Ranges
CANADA
- Canada sold C$6bn of the 2.75% Mar 2030 at an average yield of 2.849%.
- The bid-to-cover of 2.232 is close to the five-auction average of 2.25 and within recent ranges.
- Whilst the bid-to-cover is still on the lower side historically, it’s nowhere near the same extent as last week’s 10Y which saw the lowest since 2009.
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