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/CANADA: 2Y Bonds See Smaller Moves On Lower Equities

US


  • Short-end Tsys have seen a markedly different reaction to lower equities compared to yesterday.
  • 2Y Tsy yields are +1.0bps at 1.015% as S&P E-minis are down -1.0% (having been largely unchanged when equities were down -2.2% an hour ago).
  • Canada has been more muted, with GoC 2Y yields +0.1bp at 1.240%. This sees the spread narrow to 22.5bps, the lower end of the range from the past few days ahead of both the BoC and Fed tomorrow.

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