The Canadian bond market was remarkably stable in March as a federal budget, a U.S. rate increase and legislative turmoil in that country, and the United Kingdom’s decision to exit the European Union were taken in stride by investors, with each event having minimal impact on the market. Bond yields in Canada and the United States remained within their respective trading ranges that began in early December. The FTSE TMX Canada Universe Bond index returned 0.41% in March. (more…)