The Canadian bond prices rose slightly on Friday across the yield curve. "You have a moderate rally in the US and Canada is tracking that, but it's underperforming on the strong Canadian economic data," Eric Lascelles, economics and rates strategist at TD Securities said.
The two-year bond rose 2 Canadian cents to C$101.71 to yield 2.758 percent. The 10-year bond added 5 Canadian cents to C$105.55 to yield 3.572 percent. The yield spread between the two-year and 10-year bond was 81.4 basis points, down from 83.5 basis points at the previous close.
The 30-year bond gained 25 Canadian cents to C$116.90 for a yield of 4.005 percent. In the United States, the 30-year treasury yielded 4.473 percent. The three-month when-issued T-bill yielded 2.45 percent, unchanged from the previous close.
Comments
Comments are closed.