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Market Action

Yesterdfay was a wild day for the bond market with 10 year US Treasurys falling by a full 30 basis points or a rise in price of $ 3!

 Today features Canada's lack of inflation with the monthly decline of 1% pulling the core rate below the Bank of Canada's target rate of 2%.
 With equities poised to rally today,bond prices are giving back some of yesterday's gains.
 I note that Enbridge was able to do a $ 500 mm issue at 6.62%



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