The MacroTourist

The MacroTourist

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The MacroTourist
The MacroTourist
CANADA BOND YIELD NON-STORY
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CANADA BOND YIELD NON-STORY

Ignore those claiming that yesterday's backup in yields was a condemnation of government policies

Kevin Muir's avatar
Kevin Muir
Jul 09, 2020
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The MacroTourist
The MacroTourist
CANADA BOND YIELD NON-STORY
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This morning I woke up to comments from many bond traders about “Canada’s abysmal performance” yesterday. It all stemmed from Canada’ fiscal update that the government presented yesterday afternoon.

Bond traders heard some things they didn’t care for, and they sold the Canadian long end off. Hard.

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