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CANADA: 5Y Auction: More Typical Bid-to-Covers After Low B-C In 2s and 10s

CANADA
  • Canada has sold C$6bn of the 2.75% Mar’30 at an average yield of 3.229%.
  • The bid-to-cover of 2.275 was close to the prior five-auction average of 2.23, after some low bid-to-cover results for 2s and 10s recently. 
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  • Canada has sold C$6bn of the 2.75% Mar’30 at an average yield of 3.229%.
  • The bid-to-cover of 2.275 was close to the prior five-auction average of 2.23, after some low bid-to-cover results for 2s and 10s recently. 
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