Canadian bond prices were higher across the curve on Friday, following the US Treasury market as the poor consumer confidence data convinced investors to exit equities and seek the relative safety of government bonds. Gains began early after the mild US consumer inflation data, which led the market to believe that the US Federal Reserve will keep interest rates low for some time.
The two-year Canadian bond climbed 2 Canadian cents to C$99.35 to yield 1.324 percent, while the 10-year bond rose 20 Canadian cents to C$102.20 to yield 3.482 percent. The 30-year bond increased 40 Canadian cents to C$117.75 to yield 3.942 percent. In the United States, the 30-year bond yielded 4.429 percent.