- On Tuesday, Canadian bonds rose, leading to a rise in US bonds. The yield curve became steeper and the interest rate swap market slightly increased its bets on rate cuts. The 2-year US Treasury yield fell by 8.24 basis points to 3.9836% while the 10-year US Treasury yield fell by 6.44 basis points to 3.8067%. European stock markets halted their fifth consecutive rise. German bonds saw their largest weekly increase, reflecting market concerns over a possible sharp increase in unemployment in the US employment data revision. The 10-year UK Treasury yield fell by 0.7 basis points to 3.915%, while the 10-year German Treasury yield fell by 3.1 basis points to 2.215%.

(Data source: Bloomberg, bond trading platform summary)