10:12 AM EDT, 06/19/2024 (MT Newswires) -- With the inclusion of 10s30s curve-based valuation metrics, average fair value comes in at 0.7bps versus 0.05bps mid on the current 10yr roll at the time of writing, CIBC wrote. However, CIBC believes all curve-based metrics (using either 5s10s or 10s30s) are not representative of roll fair value given the unusual shape of the term structure. Accordingly, the bank pegs fair value closer to 1.2bps when using more representative neighbouring roll-based metrics.

Price: 65.77, Change: +0.13, Percent Change: +0.20