3:00 Thursday vs 3:00 Wednesday
2yr 100-04 vs 100-05; 3.777% vs 3.790%
5yr 99-26+ vs 99-25+; 3.911% vs 3.918%
10yr 98-22 vs 98-21+; 4.287% vs 4.289%
30yr 97-23 vs 97-27+; 4.895% vs 4.885%
2/10 50.809 bps vs 49.745 bps
5/30 98.163 bps vs 96.448 bps
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Treasury
US Treasury Closing Levels
3:00 Wednesday vs 3:00 Tuesday2yr 100-05 vs 100-02; 3.790% vs 3.829%5yr 99-25+ vs 100-18+; 3.918% vs 3.971%10yr 98-21+ vs 98-09+; 4.289% vs 4.337%30yr 97-27+ vs 97-12; 4.885% vs 4.915%2/10 49.745 bps vs 50.551 bps5/30 96.448 bps vs 94.366 bps
Treasury
The North West Company Q4 Adjusted Earnings Lower
The North West Company (NWC.TO), up near 6% on last look, on Wednesday reported lower fourth-quarter adjusted earnings.The company, which operates grocery stores in Canada's North and the Caribbean, said adjusted earnings, excluding most one-time items, edged down to $43.5 million, from $44.6 million, in the prior year period. The company did not provide per share amounts.Sales for the fourth quarter rose 0.1% to $675.5 million. Analysts polled by FactSet had forecast sales of $658.0 million. Higher sales in the company's international operations sales were largely offset by lower sales in Canada.Canadian same store sales , down 2.8% compared to very strong same store sales gains last year of 6.7%, were negatively impacted by a decrease in the distribution of funding to individuals from First Nations Child and Family Services programs, North West added.North West also said refinanced its $400.0 million and US$52.0 million loan facilities that were originally maturing March 1, 2027. The loan facilities, refinanced with existing lenders, will now mature April 8, 2031.The company will pay a regular quarterly dividend of $0.41 per share on April 24, to shareholders of record on April 15.North West Company shares were last seen up $3.03 to $55.25 on the Toronto Stock Exchange.Price: $55.21, Change: $+2.99, Percent Change: +5.73%
$NWC.TO
Treasury
US 10-Year Auction High Yield Rises From Previous Auction, Demand Lower
The US Treasury's 10-year auction hit a high yield of 4.282% on Wednesday, up from the 4.217% high in the previous auction.The bid to cover ratio for the auction was 2.43, below the 2.45 ratio in the previous auction.Dealers represented 54.17% of the bids, with direct bidders at 11.93% and indirect bidders at 33.90%.For takedown, dealers took 10.80%, with direct bidders at 23.88% and indirect bidders at 65.32%.