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GoC Rally Extends Through BoC Press Conference

CANADA
  • GoCs have rallied a further 2bps on Macklem and Rogers’ presser remarks, with 2YY now -3.5bp since the decision and a hefty -15bp on the day after the drive from US CPI.
  • It sees front-end GoCs modestly outperform Tsys on the day.
  • USDCAD has lifted 30 pips off pre-presser lows.

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