CANADA DATA: Global Investors Buy Most Canada Bonds In Nearly Five Years
Mar-17 12:39
Global investors bought net CAD33.5b of Canada bonds in Jan, most since Apr 2020, Statistics Canada says Monday.
That includes a record CAD10.8b of provincial govt bonds.
More than half of total bond purchases were for USD-denominated debt.
Total net foreign purchases of Canada securities was CAD7.9b.
"Non-resident investors reduced their exposure to Canadian shares by $6.6 billion in January, as a result of retirements related to merger and acquisition activities as well as sales on secondary markets," StatsCan said. "They decreased their exposure to Canadian money market instruments by $18.9 billion, the largest divestment since February 2024."
Canadians divested CAD3.2b of foreign securities, led by U.S. equities.
US TSYS: Post-Retail Sales, Empire Manufacturing React
Mar-17 12:36
Fast two-way trade as Treasury futures initially extended highs - then reverse course after lower than expected Retail Sales and down-revision to prior - while ex-auto/gas and the Control Group comes out steady to higher than expected; sharp decline in Empire Manufacturing.
The Mar'25 10Y currently trades 110-17.5 (-3) vs. 110-17 low/110-27.5 high - still inside initial technical levels: resistance above at 111-25 (Mar 11 high), support below at 110-12.5/110-00 (Low Mar 6 & 13 / High Feb 7).
Tsy 10Y yield 4.3043% last, curves flattening: 2s10s -3.715 at 25.580, 5s30s -2.512 at 50.570.
MNI:US FEB RETAIL SALES +0.2%; EX-MOTOR VEH +0.3%
Mar-17 12:30
MNI:US FEB RETAIL SALES +0.2%; EX-MOTOR VEH +0.3%
US JAN RETAIL SALES REVISED -1.2%; EX-MV -0.6%
US FEB RET SALES EX GAS & MTR VEH & PARTS DEALERS +0.5% V JAN -0.8%
US FEB RET SALES EX MTR VEH & PARTS DEALERS +0.3% V US FEB -0.6%
US FEB RET SALES EX AUTO, BLDG MATL & GAS +0.5% V JAN -0.8%
US FEB RETAIL SALES CONTROL GROUP +1.0% V JAN -1.0%