Free Trial

GoCs Maintain Outperformance To Treasuries

  • GoCs have bull flattened (2YY -1.9bps, 10YY 3.1bps) and keep to the recent trend of outperforming Treasuries, with Can-US yield differentials hovering at or near lows since April/May.
  • These latest moves tally with the earlier MNI interview with Tony Bonen, a labour market adviser to federal and provincial governments, on how Canada more likely faces a recession than a wage spiral.
  • Multiple second tier local data releases ahead plus US Empire and NAHB indexes, all prior to tomorrow’s Canadian CPI report for July.

To read the full story



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.