Canadian bond prices were flat to higher on Friday, tracking the US Treasury market, which rose on Friday and extended gains made in the previous session after several successful auctions this week. The benchmark two-year government bond edged 1 Canadian cent higher at C$99.71 to yield 1.400 percent, while the 10-year bond was up 25 Canadian cents at C$102.00 to yield 3.510 percent.
The 30-year bond climbed C$1.05 to C$117.80 to yield 3.943 percent. The comparable US issue yielded 4.6433 percent. Canadian bonds mostly underperformed US Treasuries across the curve. The Canadian 30-year bond was 70 basis points below the US 30-year yield, compared with about 70 basis points below on Thursday.
Comments
Comments are closed.