Free Trial

GoCs Holding A Little Off Post-1990 Flats For 2s10s

CANADA
  • The rise in GoC yields from the earlier U.Mich consumer sentiment beat spilling over has left GoCs with a mild twist flattening on the day (2YY +0.7bps, 10YY -0.5bps).
  • In doing so it nudges 2s10s down to -47bps but remains off pre-US CPI lows of circa -55bps in what had been post-1990 lows.
  • US factors have dominated this week with a lack of local steers, but that changes next week with Canadian CPI on Tuesday particularly of interest after last month’s more mixed report.

GoC 2s10s spread (white) - showing mid price, not ask price per textSource: 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.