header header
With your host Hank Cunningham
Search   GO



Blog Entry

Daily Market Commentary

The week is beginning somewhat weak...  We have nothing out until New Homes at 10am, although we will be putting more data up on the board later on.  It's an important one as we'll see durables, GDP, and PCE all hitting the tape before Friday.


Yields are ticking a little higher and the yield curve is continuing to steepen (save for the overnight rates).  The two year area of the curve still appears to be the best value at the moment for conservative accounts, and we'd still favour US yield over Canadian.  We expect the US-CAD 10 yr spread to continue to narrow (currently 48 bps).


The CAD$ has remained relatively steady over the weekend, and recent strength should hold up as Oil rises and the prospect of lower overnight rates in the US loom.



<< Back to Blog Entry Index




2006-2019 Copyright. In Your Best Interest. All rights reserved. Privacy Policy. RSS Feed.