(Bloomberg) -- Canadian government debt fell,
pushing the benchmark 10-year bond yield to the highest since
2004, as investors speculated the Bank of Canada will increase
borrowing costs twice this year.
The yield on Canada's benchmark 10-year bond due June 2016
rose 3 basis points, or 0.03 percentage point, to 4.68 percent
at 8:31 a.m. in Toronto. The price, which moves inversely to
yield, fell 19 cents to C$95.10. The yield rose as high as 4.70
percent today, the highest since October 2004.
Read more at Bloomberg Bonds News
pushing the benchmark 10-year bond yield to the highest since
2004, as investors speculated the Bank of Canada will increase
borrowing costs twice this year.
The yield on Canada's benchmark 10-year bond due June 2016
rose 3 basis points, or 0.03 percentage point, to 4.68 percent
at 8:31 a.m. in Toronto. The price, which moves inversely to
yield, fell 19 cents to C$95.10. The yield rose as high as 4.70
percent today, the highest since October 2004.
Read more at Bloomberg Bonds News
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