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GoCs Bear Flatten, BoCs Rogers Speaks Later

CANADA
  • GoCs bear flatten upon open, with 2Y yields up another +2.5bps but with the belly to long end largely consolidating yesterday’s sell-off.
  • The 2Y yield of 2.68% is nearing cycle highs of 2.7182% again, in what’s been a sharp V over the past 7 sessions with a low of 2.43% between them.
  • BOCspeak: Senior Dep Gov Rogers speaks today at 1245ET (text released 1230ET) on BoC independence. Followed by Dep Gov Schembri on May 5 on economic reconciliation with Indigenous Peoples, potentially his last speech before retiring on Jun 17.

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