The Fed's #1 inflation gauge looked decent on the surface, but it only tells us what happened before Trump's tariff onslaught.
The Fed's #1 inflation gauge looked decent on the surface, but it only tells us what happened before Trump's tariff onslaught.
The latest GDP numbers looked rough, but they could have been worse. Here's what we got:
The latest GDP numbers looked rough, but they could have been worse.
Here's what we got:
Canadian rates shrugged off Monday night's election squeaker. Since a Liberal win was already baked in, U.S. trade rumblings dominated our bond market's headspace today. Five-year yields got tugged in a few directions, and here's what was doing the yanking.
Canadian rates shrugged off Monday night's election squeaker. Since a Liberal win was already baked in, U.S. trade rumblings dominated our bond market's headspace today.
Five-year yields got tugged in a few directions, and here's what was doing the yanking.
It was such a dead calm with rates on Monday, we could’ve replaced our lender tracker with a virtual lava lamp, and nobody would've missed anything.
It was such a dead calm with rates on Monday, we could’ve replaced our lender tracker with a virtual lava lamp, and nobody would've missed anything.
As markets await Canada's election result, our 5-year bond is about as lively as a Tuesday night curling match. Meanwhile, democracy waits for no one, except people on the West Coast. The last polls in B.C. close at 10 p.m. ET. Given that Canadian yield data
As markets await Canada's election result, our 5-year bond is about as lively as a Tuesday night curling match.
Meanwhile, democracy waits for no one, except people on the West Coast. The last polls in B.C. close at 10 p.m. ET. Given that Canadian yield data isn't readily available after hours, that means we'll have to wait to see how bonds react in the morning.
Election aside, the main directional influences for Canadian yields today were:
