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GoCs Tilt Richer Again After 2Y Auction

CANADA
  • GoCs holding richer since the 2Y auction, with 2YY now down -1.8bps vs almost flat before and 10YY -3.5bps from -2.3bps prior, but still within the day's relatively tight ranges.
  • Compares with -0.8bps and -1.3bps for Treasuries.
  • BoC minutes ahead at 1330ET with uncertainty over how impactful they'll be.

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