PrintNational Bank Says Canada Sovereign Bonds Have Gained Back Some Ground Recently Vs. U.S. Treasuries
BY MT Newswires | ECONOMIC | 11:47 AM EST11:47 AM EST, 01/14/2026 (MT Newswires) -- Government of Canada (GoC) bonds cheapened on a cross-market basis after the Bank of Canada suggested that the easing cycle is now in the rearview mirror, said National Bank of Canada.
The have gained back some ground recently, however, as incoming data in the United States and Canada has spilled over to performance across the curve, noted the bank.
As it stands, GoC-UST five-year resides at about -80bps, and recent momentum could persist should implied odds of Fed easing continue to be walked back, as it had begun with last Friday's nonfarm payrolls (NFP) report in the U.S.
UST five years were outperforming GoC five years by about 1bp earlier Wednesday.
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