Keep connected
Our investment management team is made up of engaged thought leaders. Get their latest commentary and stay informed of their frequent media interviews, all delivered to your inbox.
The Canadian bond market experienced a quietly volatile, seesaw month in July. Bond prices continued their post-Brexit rally in the first week, hitting their highest levels of the month. Concerns about the British referendum subsequently faded, with growing expectations that Britain would delay triggering its departure decision until next year, as well as the realization that the impact was going to be relatively minor everywhere except in the U.K. As a result, over the next few weeks, bonds gave up most or all of their earlier gains. Only a strong rally late in the month resulted in noticeable gains for the period. The swings in bond prices through July were significant, as can be seen in the chart below. The FTSE TMX Canada Universe Bond index returned 0.84% in the month. (more…)