3:00 Friday vs 3:00 Thursday
2yr 99-31 vs 99-17; 4.012% vs 4.035%
5yr 99-28 vs 98-21; 4.146% vs 4.184%
10yr 99-12 vs 99-03+; 4.451% vs 4.490%
30yr 100-03+ vs 99-18; 4.992% vs 5.008%
2/10 43.687 bps vs 44.825 bps
5/30 84.507 bps vs 84.565 bps
Related Articles
Treasury
CIBC On the Week Ahead In Economics
According to Avery Shenfeld, the "surprisingly" weak Q1 GDP readings today actually explained more about why the jobs numbers this year have been "so ugly", rather than necessarily implying we're due for more of the same in May. CIBC sees a net addition of 15K to the ranks of the employed next Friday, compared to a consensus 10k gain, and Shenfled said this might only be enough to hold the unemployment rate at a "lofty" 6.9% level because it will include temporary census jobs that are often filled by those who previously were not looking for work, but who are interested in taking on a short-term gig. CIBC will be paying more attention to whether private sector employment can eke out any growth in a quarter in which consumers are being squeezed by gasoline prices. Also, the April GDP rebound gives CIBC some hope that we won't see a further nasty drop in private sector employment this spring, Shenfeld added.Also on the calendar for next week is the auction on Tuesday of $15.8 billion in 3-M Bills, $5.6 billion in 6-M Bills and $5.6 billion in 1-YR Bills; followed Wednesday by the auction of $5B in 5-YR CANADAS.Wednesday also sees the release of Q1 Labour Productivity data, while May IVEY PMI is due Friday.Price: $147.57, Change: $-3.39, Percent Change: -2.25%
$$CXY$CM.TO
Treasury
Aimia Closes Bozzetto Sale And Offers To Buy 9.75% Senior Notes
Aimia (AIM.TO) closed the sale of its interest in Giovanni Bozzetto S.p.A for proceeds of C$268.4 million, it said Friday.The company received proceeds in Euros of which 128-million Euros were hedged at a rate of 1.6113 and the remaining 38.7-million Euros were accounted at the spot rate of 1.6074 at closing. Aimia does not expect to incur any taxes from the transaction given its capital tax losses carryforward, it said.Since the Bozzetto deal constitutes as an asset sale and that the proceeds are sufficient to redeem all of the outstanding Senior Notes, Aimia has started an offer to buy up to all of its senior notes with an aggregate principal amount of $142.6 million due Jan. 14, 2030, it said. The consideration for the notes shall be $100 for each $100 principal amount of notes, plus all accrued and unpaid interest on the Notes to but excluding July 3, 2026, it added.Shares of the company were last seen up $0.08 tot $2.87 on the Toronto Stock Exchange.Price: $2.87, Change: $+0.08, Percent Change: +2.87%
$AIM.TO
Treasury
Sharc International Closes Final Tranche of $2.5-Million Convertible Debenture Placement
Sharc International Systems (SHRC.CN) on Friday closed the final tranche of a non-brokered private placement of unsecured convertible debentures, including the 25% overallotment option, raising a total $2.5 million.The three-year debentures bear an 8.0% annual interest rate, paid on maturity.The debentures, including any accrued and unpaid interest, will be convertible into shares priced at $0.125 apiece at the option of the holder.Proceeds will be used for working capital and general corporate needs as it continues to fulfil the production, shipment and delivery of its Sales Order Backlog, it said.Shares of the company were last seen up $0.01 to $0.16 on the Canadian Securities Exchange.Price: $0.16, Change: $+0.01, Percent Change: +6.90%
$SHRC.CN