The yield on Canada’s 10-year government bond fell below 3.35%, easing from the over four-month high of 3.46% seen on November 21st, tracking US Treasury yields lower. President-elect Donald Trump’s nomination of hedge fund manager Scott Bessent as Treasury Secretary reassured markets, fostering expectations of economic stability and measured policy changes. Meanwhile, investors awaited key domestic GDP figures later in the week, alongside growing hawkish bets for the Bank of Canada. Retail sales likely increased by 0.7% in October, marking a fourth consecutive monthly rise following an upwardly revised 0.4% gain in September. Additionally, inflationary pressures intensified in October, with producer prices jumping 1.2% month-over-month, their highest since April, and annual core consumer inflation edging up to 2.6%. Strong job and PMI data further diminished the likelihood of sharp BoC rate cuts.
Canada 10Y Bond Yield was 3.27 percent on Wednesday November 27, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Canada 10-Year Government Bond Yield reached an all time high of 12.44 in March of 1985. Canada 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on November 27 of 2024.
Canada 10Y Bond Yield was 3.27 percent on Wednesday November 27, according to over-the-counter interbank yield quotes for this government bond maturity. The Canada 10-Year Government Bond Yield is expected to trade at 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.07 in 12 months time.