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GoCs Outperform Tsys After Civic Holiday

CANADA
  • Following yesterday’s closure for Civic Holiday, GoCs outperform Tsys compared to Friday’s post jobs reports close with yields 7-9.5bps lower across the curve vs 3-4.5bps lower for Tsys.
  • It leaves 2Y yields at 4.51% at their lowest levels since mid-June.
  • 2s10s widen to -106bps but only back near the close on Aug 2 and still off the sustained extremes of -130-135bps in late June/early July.

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