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Modest C$ Contraction Seen

MONTH-END EXTENSIONS

Ahead of month-end CIBC note that “the FTSE Canada Universe Bond Index will experience a very small duration shift of -0.009yrs on January 2, 2024 with approximately C$255mn of coupons being paid-out from December 30th to January 2nd. Similarly, Short, Mid, and Long segments will have duration changes of -0.010yrs, -0.008yrs, and -0.006yrs, respectively.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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