Tuesday, July 3, 2007

Canada's Government Bond Yields Fall as Bets on Rate Increases Subside

(Bloomberg) -- Canada's government bonds rose for a
third straight day as traders pared bets that the Bank of Canada
will lift interest rates multiple times this year.

Canada's economy unexpectedly stalled in April on lower
wholesale sales and oil and gas exploration, Statistics Canada
said on June 29. Following a national holiday yesterday, 10-year
yields dropped to the lowest in almost a month.


Read more at Bloomberg Bonds News

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