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Canada's Two-Year Government Bond Falls the Most in a Month

By Glenn J. Kalinoski

Nov. 10 (Bloomberg) -- Canada's two-year bond fell the most in almost a month as global stocks rose, curbing demand for the safety of government debt.

The yield rose 2 basis points, or 0.02 percentage point, to 1.94 percent. It gained 10 basis points on Oct. 14. The price of the 2.75 percent security due in December 2010 fell 5 cents to C$101.64.

The 10-year note's yield decreased 1 basis point to 3.72 percent. The price of the 4.25 percent security maturing in June 2018 rose 5 cents to C$104.29.

The Canadian dollar erased an earlier gain and declined 0.3 percent to C$1.1930 per U.S. dollar, from C$1.1893 on Nov. 7. One Canadian dollar buys 83.83 U.S. cents.

To contact the reporter on this story: Glenn J. Kalinoski at gkalinoski1@bloomberg.net

Last Updated: November 10, 2008 10:06 EST

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