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New Cycle Lows For 2s10s, Just Shy Of -100bps

CANADA
  • 2s10s pull back from opening at -99.8bps to -96bps at fresh post-1990 lows, still 1.3bps flatter on the day (2YY -3.3bps, 10YY -4.6bps).
  • With cash Tsys closed, it follows flattening seen in core EU FI with some marginal support from a further decline in CFIB small business sentiment earlier today.

Source: Bloomberg

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