Free Trial

Front End GoC Outperformance, Population Data Shortly

CANADA
  • GoC yields trade 2-3bps richer, marking almost 3bp outperformance to Tsys at the front end but more in line at the long end ahead of 10Y supply at 1200ET.
  • CANHOU 10s hold most of yesterday’s 2.5bp widening to GoCs (currently +48bps) seen after MNI reported the Canadian Mortgage Bond limit is to increase from C$40B to C$60B.
  • We shortly get Canadian population data for Q2 at 0830ET after some historically strong increases, with the usual mixed inflationary pressure implications from the labor supply/aggregate demand. Preliminary US durable goods land at the same time.

Source: Bloomberg

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.