GoCs maintained outperformance versus Treasuries since last week's dovish BoC announcement and contrasting jobs data. The World Bank's downward revision to growth helped cap yields and risk appetite in early trade. But supply was a headwind, including mixed demand for the U.S. 10-year note auction, and also a well received GoC 30-year RRB auction. USD-CAD fell to a fresh one-week low at 1.0857, moving back in sight of the May 30 trough at 1.0818. And the S&P/TSX Composite consolidated recent strength.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
