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GoCs Rally 8bp and USDCAD Jumps On Dovish BoC

CANADA

GoC yields have fallen 7-8bps for 2-10Y tenors, 5bps for the 30Y since the BoC decision to hike 25bp but signal a pause if developments play out as expected. USDCAD off highs but currently circa 70pips higher at ~1.341 having dipped ahead of the meeting, but for the most part has remained within the week’s range. Press conference follows in 45mins.


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GoC yields have fallen 7-8bps for 2-10Y tenors, 5bps for the 30Y since the BoC decision to hike 25bp but signal a pause if developments play out as expected. USDCAD off highs but currently circa 70pips higher at ~1.341 having dipped ahead of the meeting, but for the most part has remained within the week’s range. Press conference follows in 45mins.


Keep reading...Show less