Canada's Yields Plummet to Record Lows as Investors Shift Rate Bets

The yield on short-term Canada bonds is falling at the fastest rate in decades, as investors bet the Bank of Canada will cut rates in coming months to counter fallout from the collapse of US regional banks.

Canada’s two-year benchmark yield tumbled 42 basis points Monday to 3.532%, bringing its total decline since Wednesday to about 77 basis points. The last time the benchmark dropped that much over three trading sessions was in May 1995, according to data compiled by Bloomberg.

Source : Canada’s Yields Plummet to Record Lows as Investors Shift Rate Bets