Bloomberg Canada Aggregate Index showed credit outperformed on a relative basis with Corporate (-0.10%) the strongest major sector, Baa (-0.04%) leading the quality buckets, and Finance (+0.13%) the top-performing corporate sub-sector.
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August delivered another modest setback for Canadian bonds, though shorter-duration and credit exposures showed greater resilience as yields moved higher. 🔸 The Bloombe…
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Bloomberg
- Industry
- Financial Services
- Location
- New York, US
- Company size
- 10,001+ employees
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Bloomberg Canada Aggregate Index showed shorter maturities with the 1–5 year segment gaining 0.13% compared to -0.09% for 5–10 year and -0.76% for 10+ year bonds.
Research & Knowledge
Bloomberg Canada Aggregate Index saw YTW rise to 3.88% from 3.81%, OAD edge down to 6.95 from 6.99, and bond count rise to 1,853 with index market value increasing to $2.98tn.
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Credit Benchmark reported that Media experienced a -6.9% net upgrade this month and its third consecutive month of improvement.
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S&P Global
S&P Global Ratings reported that the count of North American risky credits edged down to 141 as of the end of July from 144 at the end of April, with consumer products leading the top five sectors at 67% of the risky credits count.
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