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.

Pine announced yesterday that it joined the billion-dollar club—$1 billion in mortgages under administration (MUA) that is. We caught up with CEO Justin Herlick last week to find out why this particular milestone deserves more than a polite golf clap from the fintech peanut gallery. He explained that Pine,

Wednesday brought gentler U.S. inflation than expected, as well as more signs of trade war de-escalation.