Tumbling crude prices and job openings weighed down yields on Wednesday. But resilient PMIs keep insisting the economy has more fight than the headlines suggest.

💡See also: Mortgage Tidbits (below). Yields edged up on Tuesday amid expectations of a busy data week that crescendos with Canadian and U.S. jobs numbers on Friday. Meanwhile, bond markets (so far) appear serenely indifferent to the U.S. capture of ousted Venezuelan leader Nicolás Maduro.

With oil prices near 4+ year lows, many rate-watchers are pondering what that means for mortgage rates. The reality is it's a complex relationship. Oil price moves aren't “good” or “bad” in a consistent way. Whether oil causes monthly payments to shrink or swell boils down

The BoC held the line on rates this morning, and nobody had to feign astonishment. Heading into the decision, overnight swaps were pricing a 94% chance of no move, leaving the remaining 6% for the people who still bet on lottery tickets. "Employment has shown solid gains in the