Friday's news pushed and pulled Canadian bonds in two directions, but gravity won. Here's how the strings were being pulled:

Apart from the Bank of Canada's Financial Stability Report—where Governor Macklem warns that trade uncertainty is the new national pastime—there were no other notable Canadian releases on Thursday. Here's what else nudged yields, and in which direction:

Canadian rates barely moved after today's 2:00 p.m. ET Fed decision. The reason: Fed Chair Powell's messaging was as revelatory as reruns of "The National"; markets had seen this episode before. Nonetheless, we did spot a few subtle but important twists in

Canada's bond traders began the day fidgeting like they’re waiting for a dentist appointment. Canadian markets were almost singularly focused on news out of the Trump-Carney summit. The noon-time faceoff in Washington, D.C. started high-stakes negotiations that could take Canada's bond yields on a