What is Canada 10Y bond yield?

The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid. Canada 10Y Bond Yield was 3.12 percent on Friday December 15, according to over-the-counter interbank yield quotes for this government bond maturity.

What is the 10 year benchmark bond yield?

The 10 year benchmark bond yield is included on the long end of the yield curve. The yield of the 10 year bond is closely watched by central banks as lowering yields can signal a lack of confidence in the economy. In depth view into Canada 10 Year Benchmark Bond Yield including historical data from 1989 to 2023, charts and stats.

Should a 10-year government bond yield reflect the overnight market?

In principle, investors are indifferent to lending money in the overnight market or purchasing 10-year government bonds. Thus the yield on 10-year government bonds should reflect the average yield in the overnight market over the next 10 years. In the middle of June 2023, the overnight rate is 4.75%, and 10-year government bonds are yielding 3.4%.

What is a bond yield?

Bond yield is the return when purchasing a bond. Any type of bond, including government and corporate, has a certain yield or return. Government of Canada bonds are considered risk-free bonds because they are issued by the government and are denominated in domestic currency.