Canada's Bond Yields Rise to 10-Month High Before Central Bank's Meeting

(Bloomberg) -- Canada's 10-year bond yield rose to a
10-month high on speculation Bank of Canada policy makers will
express concern tomorrow over accelerating inflation.

The Canadian dollar traded at near a 30-year high as futures
traders increased bets the central bank will raise the benchmark
lending rate at least once this year to slow the growth of
consumer prices. Canadian inflation, excluding volatile
components such as energy, accelerated in April to its highest
level in more than four years.


Read more at Bloomberg Bonds News