Canadian bond prices were higher and moved in sync with US Treasury issues on Friday, which climbed on a tame US inflation report, short-covering after a well-bid 30-year auction on Thursday, and concerns about sovereign risk in Europe. "We followed the US The inflation numbers were somewhat benign and stocks are down," said Roger Quick, director of fixed-income research at Scotia Capital.
The two-year Canada bond edged 7 Canadian cents higher to C$99.94 to yield 1.283 percent, while the 30-year bond climbed 65 Canadian cents to C$115.50 to yield 4.057 percent. Canadian bonds mostly underperformed US issues, with the 30-year yield 52 basis points below its US counterpart, from 54 basis points in the previous session.
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