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GoCs Broadly Tracking Treasury Sell-Off

CANADA
  • The move lower has been led by the 10Y, where yields are up 10bps at 2.735% off a new cycle high earlier of 2.745%.
  • 2Y yields are also up 8bps or 10.5bps since yesterday’s hawkish 50bp hike, although remain 5bps off previous highs having rallied heavily in days prior to the decision.
  • The 2Y Can-US yield differential sticks close to highs for the past weeks at -3bps whilst the 10Y spread remains close to lows of the past few months at -7bps.

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