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Jobs Beat Sees CAD FI Reverse Pre-Data Gains

CANADA
  • GoC yields climb 3-4bps across the curve on the stronger than expected labour data, exacerbated by the swift rally in core FI shortly ahead of the release.
  • It only pushes 2Y back to +1.5bp on the day, with a mild bear flattening with 2s10s at -98bps (-1.5bps).
  • Treasuries, for their part, are mostly flat over since the data.

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