02:30 PM EDT, 10/16/2024 (MT Newswires) -- On Thursday, the Bank of Canada will bring C$5.0 billion (C$4.25mn/dv01) of the CAN 3.25% Dec34s to market for the fourth time. Under the current cadence of issuance, CIBC noted, the Dec34s are set to take benchmark on December 13, which marks a longer turnover time than the recent average. However, CIBC also noted the average is partially skewed by elevated post-pandemic issuance, along with the budgetary shifts in FES last year that allowed a 'roll and reopen profile' for the Jun34s.

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