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Can-US Yield Differential Narrows To Smallest Post Sep FOMC

CANADA
  • GoCs see modest underperformance to Tsys at the front-end to belly an hour after open, with yields climbing 2.5bps.
  • It helps further narrow the Can-US 2Y yield diff to -28bps, off Friday's low of -49bps and the narrowest since the Sep 21 FOMC.
  • BoC’s Macklem speaks with remarks published at 1135ET, the speech at 1150ET including initial Q&A and then media Q&A at 1310ET. This is the main BoC communication ahead of the Oct 26 decision although there is still Senior Dep Gov Rogers on Oct 17 after the key business and consumer surveys.

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