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Lowest 98-Day Bill B/C Since Apr'21

CANADA
  • Contrary to recent strong demand for shortest dated US T-bills amidst debt limit fears, today’s Canadian bills auction saw the lowest bid-to-cover for a 98-day bill since Apr’21 - chart.

Results:

  • Sells C$12.8B of 98-d at 4.45%, b/c 1.621
  • Sells C$4.60B of 182-d at 4.533%, b/c 2.296
  • Sells C$4.60B of 364-d at 4.45%, b/c 2.430

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