Canada's 10-year government bond yield consolidated around 3.2%, close to levels not seen in two months, as expectations of further interest rates dented appetite for government debt. The Bank of Canada has raised its benchmark rate by 75 bps, extending its aggressive tightening path as it fights inflation. Still, lingering concerns of a broad economic slowdown rattled investors and capped a further rise in government bond yields.
Historically, the Canada Government Bond 10Y reached an all time high of 12.44 in March of 1985. Canada Government Bond 10Y - data, forecasts, historical chart - was last updated on September of 2022.
The Canada Government Bond 10Y is expected to trade at 3.19 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.57 in 12 months time.