Free Trial

GoCs Bear Flatten With USTs

CANADA
  • GoC yields have been dragged higher today, first on more conciliatory remarks from Russia’s Lavrov shortly after open and then the Fed’s Bullard sticking to his hawkish guns.
  • Whilst it’s a more modest bear flattening than in USTs, GoC 2YY are still +5.5bps versus the +4.5bps in 10Y and +4.0bps in 30Y.
  • This sees 2s10s continue to flatten to 38.6bps, a new low since Nov’20 and hovering above the 61.8% retracement of the Sep 2019 to Mar 2021 steepening (38.2bps).

Canadian govt bond 2s10s spreadSource: 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.