(Bloomberg) -- Canadian bond yields rose to the
highest in 11 months as traders anticipated higher interest
rates following an unexpectedly strong U.S. home sales report.
The Canadian dollar also touched a new 30-year high.
New home sales rose 16 percent to an annual pace of 981,000
last month from an 844,000 rate the prior month, the Commerce
Department said in Washington. The median economists' estimate
was for an 860,000 annual rate.
Read more at Bloomberg Bonds News
highest in 11 months as traders anticipated higher interest
rates following an unexpectedly strong U.S. home sales report.
The Canadian dollar also touched a new 30-year high.
New home sales rose 16 percent to an annual pace of 981,000
last month from an 844,000 rate the prior month, the Commerce
Department said in Washington. The median economists' estimate
was for an 860,000 annual rate.
Read more at Bloomberg Bonds News
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