(Bloomberg) -- Canadian stocks declined, led by
financial shares, after the country's two-year bond yield held near
the highest in five years, exceeding longer-term bond yields and
raising concern that bank profit margins will be squeezed.
``People have a knee-jerk reaction that when you get an
inverted-yield curve, banks are going to suffer,'' said Gavin
Graham, who helps oversee about $5.3 billion as chief investment
officer at Toronto-based Guardian Group of Funds.
Read more at Bloomberg Stocks News
financial shares, after the country's two-year bond yield held near
the highest in five years, exceeding longer-term bond yields and
raising concern that bank profit margins will be squeezed.
``People have a knee-jerk reaction that when you get an
inverted-yield curve, banks are going to suffer,'' said Gavin
Graham, who helps oversee about $5.3 billion as chief investment
officer at Toronto-based Guardian Group of Funds.
Read more at Bloomberg Stocks News
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