Canadian bonds slip as stocks, oil jump

The Canadian bonds prices edged down, sending yields higher on Wednesday as investors cooled on safe-haven assets amid gains in riskier assets including stocks and oil. The benchmark 10-year bonds yield, which is inversely proportional to bond price rose 1.63 pct to 1.18 pct and 3-year bonds yield climbed 1.80 pct to 0.56 pct at 12:50 GMT.

Oil futures bounced off 1-month lows as Kuwait's OPEC governor and two sources said all signs suggested a meeting of oil-producing countries on April 17 would deliver an agreement to freeze output. Also, Oil prices rallied after industry data showed that U.S. stockpiles fell below the 9 million barrel per day mark last week for the first time since October 2014.

The U.S. crude futures jumped $1.04 to $36.93 per barrel and International Brent futures rose 86 cents to $38.73 by 1216 GMT.

Canadian stock futures edged higher on Wednesday as oil futures recovered from 1-month lows, rising more than 2 pct on hopes for an agreement among exporters to freeze output.

Meanwhile, the June futures on the S&P TSX index were up 0.37 pct and Dow Jones Industrial Average e-mini futures rose 0.15 pct, while S&P 500 e-mini futures were up 0.18 pct and Nasdaq 100 e-mini futures climbed 0.2 pct.