Canadian dollar weakens, benchmark yield slips
TLT•The Canadian dollar fell 0.1% to C$1.3986 per U.S. dollar, while Canadian 10-year government bond yields slipped 3.2 basis points to 3.767%. U.S. benchmark yields and crude futures also fell.
1. Currency and bond moves
The Canadian dollar weakened 0.1% to C$1.3986 per U.S. dollar, or 71.5 U.S. cents, after trading between C$1.3951 and C$1.3989. Canadian 10-year government bond yields fell 3.2 basis points to 3.767%, while comparable U.S. yields declined to 4.9022%. U.S. December crude futures fell $6.44 to $97.68 a barrel.
