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Canadian bond yields rose and prices fell in March. Investors reacted to more hawkish comments from the Bank of Canada, but were also influenced by falling U.S. bond prices, as more favourable economic data in that country led to higher yields. The successful Greek debt swap also put pressure on bond values, as investors were less concerned about a possible European credit crisis. The selloff in the first half of the month took yields and prices outside of the trading range that had been established since late 2011, but the market recovered somewhat in the second half of the month. The DEX Universe Bond index declined 0.32% in March.
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