Free Trial

CANADA: 2Y Auction Bid-to-Cover Remains At The Lower End

CANADA
  • Canada sold C$5.5bn of the 3.25% Nov’26 at an average yield of 3.148% at 1200ET. 
  • It saw a second relatively low bid-to-cover of 2.31 after the 2.27 on Aug 1 with yields now 110bps below the recent high of 4.24% from April. 
  • Taking stock of Can-US 2Y yield differentials, the new 2Y benchmark for the US after yesterday’s auction sees it climb to -61bps for its highest since mid-May. 

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.