3:00 Tuesday vs 3:00 Friday
2yr 99-14 vs 99-09; 4.047% vs 4.121%
5yr 98-20 vs 98-09; 4.183% vs 4.258%
10yr 99-02 vs 98-12; 4.491% vs 4.558%
30yr 99-19 vs 98-31+; 5.025% vs 5.064%
2/10 44.178 bps vs 43.472 bps
5/30 84.160 bps vs 80.574 bps
Related Articles
Treasury
BMO Previews This Week's Q1 Current Account Balance in Canada
Canada will release its Q1 current account balance on Thursday, said Bank of Montreal (BMO).The country's international trade flows experienced a reversal of fortune of sorts in Q1, noted the bank. The first couple of months reflected ongoing uncertainty regarding the United States relationship, highlighted by the start of formal CUSMA trade renegotiation discussions.However, the late-February outbreak of the Iran war resulted in the closure of the Strait of Hormuz, driving prices for key Canadian exports, especially energy, higher. On cue, the merchandise trade deficit flipped to surplus in March and looks to continue benefiting as long as activity through the Strait remains restricted, stated BMO.Still, the Q1 shortfall likely widened due to softness in earlier months. Meantime, the services account posted a small deficit following a surplus in the previous quarter.Consequently, BMO estimates the current account shortfall to deteriorate to $2.5 billion in Q1 from $700 million in Q4 2025. That would weigh in at a modest 0.3% of GDP, with the latter figure to be released the following day, ahead of an expected surplus in Q2.
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Treasury
National Bank Previews This Week's Q1 Current Account Balance in Canada
Canada will release the current account balance for Q1 on Thursday, said National Bank of Canada.Q1 could show the current account deficit widening from $710 million to $3.50 billion, mainly as a result of a larger goods shortfall, noted the bank
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Treasury
Scotiabank Notes Two Speeches From Bank of Canada Officials This Week
Two Bank of Canada events might garner some attention this week, said Scotiabank.External Part-Time Deputy Governor Nicolas Vincent speaks on "the labour market and structural change in the Canadian economy" on Tuesday. There will be no press conference.Then two days later, Governor Tiff Macklem unveils the semi-annual Financial Stability Report and Financial System Survey, noted the bank. This event usually doesn't broach monetary policy topics and is by definition focused upon risks instead of base case scenarios.
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