加拿大10年期政府债券收益率攀升至3.4%左右,创下五个月新高,这得益于对加拿大央行更为鹰派的预期和持续的地缘政治紧张局势。在国内,核心通胀数据一直顽固地保持在加拿大央行2%的目标之上,4月份零售额意外增长1.2%,强化了政策将保持限制性的观点,促使投资者要求更高的定期保费。渥太华巨大的长期融资需求导致基准债券发行量激增,而养老基金等传统买家则转向国外更高的收益率。从外部来看,在强劲的美国经济数据、新的贸易紧张局势和持续的地缘政治不确定性的推动下,全球利率的广泛上升已经影响了加拿大的收益率,使借贷成本徘徊在几个月的峰值附近。
The yield on the Canadian 10-year government bond climbed to around 3.4%, a five-month high, supported by more hawkish expectations for the Bank of Canada and ongoing geopolitical tensions. At home, core inflation readings have stubbornly held above the Bank of Canada’s 2% target, and an unexpected 1.2% jump in April retail sales reinforced the view that policy will stay restrictive, prompting investors to demand higher term premia. Ottawa’s hefty long-term financing needs have swollen benchmark issuance just as traditional buyers such as pension funds rotate toward richer yields abroad. Externally, a broad upswing in global interest rates, fueled by strong US economic data, renewed trade tensions, and ongoing geopolitical uncertainty, has fed through to Canadian yields, leaving borrowing costs anchored near multi-month peaks.