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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada 50-Year Bond Auction climbed to 2.59% in February 2022
FMPMonthlyReleased March 2022
Canada 50-Year Bond Auction climbed to 2.59% in February 2022, released March 2022, up 0.48% from January's 2.11% reading.
Latest Release
2.588000
Actual
—
Consensus
2.113000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
50-Year Bond Auction (Canada) was reported at 2.59% in March 2022. The reading rose from the previous value of 2.11%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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50-Year Bond Auction - CA
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About 50-Year Bond Auction — Canada
DEFINITION
The 50-Year Bond Auction is a financial indicator that measures the demand and interest for long-term government bonds with a maturity of 50 years. This auction allows governments to raise funds for large-scale projects and investors to secure a stable, long-term investment opportunity. The results of the auction can provide insights into the overall economic outlook and investor confidence in the government's ability to meet its long-term financial obligations.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2022): actual 2.588 %. Prior reading (Nov 2021): 2.113 %. Before that (Nov 2021): 2.113 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.