Despite sizable declines among U.S. Treasuries, the Province of Ontario's $2 billion global bond deal was fairly well received by investors yesterday, apparently benefiting from a decision by syndicate officials to push up the timing of the sale.

After German officials moved over the weekend to cut key interest rates, underwriters decided to launch the Ontario offering quickly, hoping to position it as the first U.S. dollar-denominated global deal in the market, a syndicate official said.

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