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Canadian yields shown to be less sensitive to data shocks than US or UK
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The sensitivity of government bond yields to domestic economic data surprises at the zero lower bound of monetary policy interest rates has been lower in Canada than in the US and the UK, according to a working paper from a researcher at The Netherlands Bank (DNB).
In Effect of the zero lower bound on bond yield sensitivity to news in Canada in comparison with the UK and US, Richhild Moessner finds that the sensitivity of government bond yields to domestic economic news was reduced only at
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