WIW - Tradeweb Government Bond Update - July 2018
Ten-year government bond yields rose in July with the exception of those for Portuguese debt, as markets waited for more hints over monetary policy direction.
The Canadian 10-year government bond saw the month's biggest move, with its mid-yield increasing by 14 basis points to close July at 2.31%. Statistics Canada reported a larger-than-expected payroll growth during June, with 31,800 new jobs added. Citing a strong labor market and on-target inflation figures, the Bank of Canada raised its benchmark interest rate to 1.50%, the fourth time it hiked rates since mid-2017.
Similarly, yields on the U.S.