April 22, 2024 13:30 GMT
Canada To Issue USD Global Bond Tomorrow
CANADA
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- "In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above 3% GDP.
- To this effect, the government today announced its intent to issue a US-dollar-denominated global bond tomorrow, April 23, subject to market conditions."
- Official notice here: https://www.canada.ca/en/department-finance/news/2024/04/canada-to-issue-us-dollar-global-bond.html
- GoCs continue to chip away at last week's push to new multi-year lows for Can-US yield differentials seen after soft Canadian CPI. The 2Y differential stands at -72.5bps and 10Y at -88bps.
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