Government of Canada 10-Year Bonds Slightly Outperforming U.S. Treasuries, Says National Bank

BY MT Newswires | TREASURY | 09:47 AM EDT

09:47 AM EDT, 06/11/2026 (MT Newswires) -- Government of Canada (GoC) 10-year bonds versus U.S. Treasuries 10s trading at -106 bps early Thursday, said National Bank of Canada.

This means GoCs are slightly outperforming to start Thursday, noted the bank.

That's largely in the same spot as last auction, but those levels continue to be on the richer side of the year-to-date range, stated National Bank.

Saying this, cross-market outperformance hasn't been as pronounced as it has been down the curve, for example, two-year GoCs have outperformed 30bps since the end of February versus 25bps in 10-year ones, added the bank.

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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