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The flight-to-safety bid for bonds that occurred early in 2016 continued to fade in April, as the recovery in riskier assets extended for a third month. The price of oil moved higher, equities gained, the Canadian dollar strengthened, and credit-related yield spreads narrowed. Benchmark government bond prices declined and yields rose as investors shifted their attention to other asset classes. The FTSE TMX Canada Universe Bond index returned -0.08% in the month.
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