Canadian bonds up

The Canadian bond prices were mostly higher on Friday, with long-term bonds lagging, mirroring the larger US treasuries market, as investors priced in an interest rate cut by the Fed in September. The two-year bond added 12 Canadian cents to C$99.25 to yield 4.188 percent, while the 10-year bond gained 23 Canadian cents to C$96.76 to yield 4.411 percent.
The yield spread between the two-year and 10-year bond moved to 22.3 basis points from 17.2 at the previous close. The 30-year bond fell 28 Canadian cents to C$109.05 to yield 4.448 percent. In the United States, the 30-year treasury yielded 4.985 percent.