Thursday, May 24, 2007

Canada-U.S. Benchmark Yield Spread Shrinks to Lowest Since February 2005

(Bloomberg) -- The difference in yield between the
benchmark two-year Canadian government bond and the U.S.
counterpart narrowed to the smallest in more than two years as
investors bet the Bank of Canada will raise interest rates.

Canadian yields have risen more quickly than U.S. yields as
Canada's economy is showing signs of strength, buoyed by gains
in the nation's commodity exports.


Read more at Bloomberg Bonds News

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