(Bloomberg) --The Canadian 10-year bond yield rose
near the highest since 2004 after a U.S. report showed inflation
in Canada's largest trading partner accelerated in May.
The yield on Canada's benchmark 10-year bond due June 2016
rose 1 basis point, or 0.01 percentage point, to 4.70 percent at
9:07 a.m. in Toronto. Price, which moves inversely to yield,
fell 8 cents to C$94.95. The yield reached a high on June 12
amid speculation of higher global interest rates to quell
inflationary pressure.
Read more at Bloomberg Currencies News
near the highest since 2004 after a U.S. report showed inflation
in Canada's largest trading partner accelerated in May.
The yield on Canada's benchmark 10-year bond due June 2016
rose 1 basis point, or 0.01 percentage point, to 4.70 percent at
9:07 a.m. in Toronto. Price, which moves inversely to yield,
fell 8 cents to C$94.95. The yield reached a high on June 12
amid speculation of higher global interest rates to quell
inflationary pressure.
Read more at Bloomberg Currencies News
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