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See also: Mortgage Tidbits (below).
Markets already (think they) know what we'll get from the BoC and Fed today. The suspense lies in what tone central bankers will take with their rate decisions.
We don't expect either of them to commit to much, with 2026 trade uncertainty still unresolved. But bond markets remain surprisingly bearish on each side of the border, with the 2-year especially concerning.
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