💡See also: Mortgage Tidbits (below). Yields yo-yoed on Monday after Friday's apparent Fed easing bias met skepticism. Here’s where the day's headlines drove yields:

Rate markets ended last week with just enough hope to annoy the pessimists. The optimism came from Chair Powell, who hinted that America's wobbling job market and "restrictive" rates "may warrant" Fed easing. That's despite "upside" inflation risk. His remarks

💡See also: Mortgage Tidbits (below). Canadian rates nudged higher ahead of the most critical report of the month: domestic CPI. Bay Street expects the key inflation gauges to keep drifting apart, with a: * 1-tick slowdown in headline inflation to 1.8% (prior 1.9%) * ½-tick acceleration in average core inflation