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Delayed FI Rally Post Rogers Whilst USDCAD Still Looks Through Remarks

CANADA
  • USDCAD has seen zero reaction to Rogers’ remarks but FI has seen another delayed move after the initial headlines.
  • BAZ3 yields have recently retraced off lows but are still 4bps lower than before the remarks (-9.5bps on the day), with BAM4 yields 8bps lower post remarks (-19bps on the day).
  • 2Y GoC yields are 6bps lower for -11bp on the day, partially closing the gap on Tsys -16.5bps.
  • Media Q&A follows at 1510ET.

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