Politics
Quebec Bonds Tighten as Separatist Party Falls Short of Majority
Key Points
Bonds Quebec Bonds Tighten as Separatist Party Falls Short of Majority The separatist Parti Québécois won Quebec’s election but fell short of a majority government, a result that’s boosting investor confidence in the province’s bonds. Quebec 30-year bonds have tightened to about 7.5 basis points above the Ontario benchmark, compared with around 11 basis points prior to the election, according to data from Beacon Securities. The tighter spread indicates investors are now demanding a smaller...
Bonds
Quebec Bonds Tighten as Separatist Party Falls Short of Majority
The separatist Parti Québécois won Quebec’s election but fell short of a majority government, a result that’s boosting investor confidence in the province’s bonds.
Quebec 30-year bonds have tightened to about 7.5 basis points above the Ontario benchmark, compared with around 11 basis points prior to the election, according to data from Beacon Securities. The tighter spread indicates investors are now demanding a smaller risk premium to hold the debt.