Canada 10-Year Bond Yield Surges to Over 1-Week High

2025-12-01 19:06 By Felipe Alarcon 1 min. read

The yield on Canada’s 10-year government bond climbed above 3.23%, marking an over one-week high as a sharp global sell-off in sovereign debt, sparked by Japan’s surge in yields after the BoJ signalled it may raise rates this month, rippled across markets.

The jump in Japanese yields pushed investors to reassess global rate differentials, reducing demand for long-duration bonds worldwide and lifting North American yields in tandem.

Canada’s move was reinforced by last week’s stronger Q3 GDP reading, which showed 2.6 % annualized growth and limited near-term scope for BoC easing, while wider fiscal deficits still point to heavier issuance ahead.

With global yields rising and domestic cuts less imminent, Canadian long-term rates adjusted higher alongside their US, UK and Eurozone counterparts.



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