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Post CPI Bid Unwound

CANADA
  • Renewed upward pressure from Treasury yields plus some stronger underlying details (relative to the headline miss) sees 2Y GoC yields almost fully unwind the dip on CAD CPI.
  • 2YY GoC back to +14bp on the day (Tsy +16.5bp) whilst front BAX yields now sitting 2-3bps higher than before the release.
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  • Renewed upward pressure from Treasury yields plus some stronger underlying details (relative to the headline miss) sees 2Y GoC yields almost fully unwind the dip on CAD CPI.
  • 2YY GoC back to +14bp on the day (Tsy +16.5bp) whilst front BAX yields now sitting 2-3bps higher than before the release.