Canadian Bonds Higher on Renewed Deutsche Worries -- Market Talk

16:30 ET - Canadian bonds rise, reflecting investor concerns about Europe's banking sector amid renewed worries over the health of Deutsche Bank. Canada's two-year bond yield was recently at 0.495% from 0.515% Wednesday, according to electronic trading platform CanDeal. The 10-year bond yield was at 0.950% from 0.979%. With a dearth of economic economic indicators to sway the Canadian bond market, investors continue to focus on the latest developments with Deutsche and dragged down riskier assets, like equities, while driving up demand for fixed income. Canadian bonds are poised for another day of gains Friday with July GDP figures to be released, which should come in under what the Bank of Canada expected. Those growth concerns are likely to weigh on investors hoping for a pickup in Canadian inflation, and should lead to a rise in volatility in the front end of the curve. (david.george-cosh@wsj.com)

(END) Dow Jones Newswires

September 29, 2016 16:45 ET (20:45 GMT)

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