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GoCs Modestly Underperform Ahead of Light Docket

CANADA
  • GoCs see modest underperformance to Tsys with and since the open, with yields 3-5.5bps higher across the curve.
  • Yields across the curve remain within last week’s wide ranges, along with 2s10s at -102bps.
  • A light docket sees weekly consumer confidence and StatCan’s new housing price index for July.
  • In news, 35k people remain under fire evacuation orders in BC although there’s been a “glimmer of hope” in making progress in the Lake Okanagan region whilst Trudeau is set for a three-day retreat with his new cabinet to discuss continued cost of living issues.

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