U.S. inflation flew in under expectations this week, but that relief is being steamrolled by a new cost-of-living threat: surging oil prices from the latest Israel-Iranian conflict. Here’s a quick rundown of what’s steering the yield wagon today, and in which direction:

💡See also: Mortgage tidbits below. U.S. rate moves dragged our 5-year yield down on Thursday. Here's a brisk rundown on that and the other forces tugging at Canada’s borrowing costs.

Over the last seven days, we haven't heard a peep from the national frontrunners—rate stability is having a moment.