AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

The Canadian government bond prices were lower across the curve on Friday as job losses in the United States were not as bad as some market players had feared. That added to optimism that has been building over the past few weeks over the state of the global economy.
"We know the numbers are bad but they've stopped getting worse," said Sheldon Dong, fixed income analyst at TD Waterhouse Private Investment. "I think that's why some people are interpreting the data a bit bullishly." He also pointed to a gradual shift in asset mix as stocks have generally held a better tone in the last three weeks, and hope seems to be mounting.
Optimism about an economic recovery has tended to draw investors to switch out of safe haven investments and into riskier markets such as equities. The two-year bond fell 5 Canadian cents to C$100.23 to yield 1.141 percent. The 10-year bond retreated 61 Canadian cents to C$107.14 to yield 2.930 percent.
The 30-year bond eased C$1.30 to C$123.20 to yield 3.671 percent. The US 30-year bond yielded 3.695 percent. Canada bonds mostly outperformed their US counterparts across the curve, except in the five-year benchmark. The 30-year bond yield was 2.4 basis points below its US counterpart, compared with 2.6 basis points above on Thursday.

Copyright Reuters, 2009

Comments

Comments are closed.