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See also: Mortgage Tidbits (below).
The bond market kicked off the week with all the action of a library on Christmas Day. Canadian yields are essentially waiting for data that matters, and Friday is that day. We get both Canadian GDP and U.S. core PCE inflation, at least one of which should move the market.
In the meantime, traders spent Monday weighing conflicting Fed-speak and filing it under, "Not sure it matters."
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