Free Trial

Small Narrowing In Can-US 2Y Yield Differential

CANADA
  • GoCs are mixed compared to the US following the open, with modest underperformance at the front end (2YY +2bps vs 1bp) but outperformance at the long end (+2bps vs 3bps).
  • Whilst only a small move on the day, the rise in the Can-US 2Y differential to -50bps leaves it at the higher end of the range since the BoC stepdown to a 50bp hike on Oct 26 despite yesterday’s underlying inflation showing a further sequential moderation.
  • 3Y bond auction at 1200ET.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.