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The Canadian bond market, as measured by the FTSE TMX Canada Universe Bond index, gained 0.51% in April. Economic news in both Canada and the United States was generally good, and in most months that would have caused bond prices to decline and yields to rise. In April, however, investors focussed less on economic fundamentals and more on geopolitical developments. The ongoing turmoil in Ukraine resulted in a flight-to-safety bid for bonds that caused bond prices to rise and yields to fall modestly.
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