Canadian bonds end mixed

Canadian bond prices, mixed for much of the session, ended higher across the curve on Friday, alongside the bigger US Treasury market as dealers moved back into government debt after a steep selloff earlier in the week. Dong said the Canadian bond market will take its cue from Monday's domestic GDP data and Thursday's Bank of Canada rate announcement and accompanying statement.
The benchmark two-year government bond ended up 8 Canadian cents at C$100.03 to yield 1.234 percent, while the 10-year bond rose 65 Canadian cents to C$103.00 to yield 3.394 percent. The 30-year bond jumped 60 Canadian cents to C$116.10 to yield 4.035 percent. Canadian bonds underperformed their US counterparts across most of the curve. The 30-year bond yield was about 31 basis points below the US 30-year yield, compared with about 42 basis points on Thursday.