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

In this light-news day, Canadian yields spent another day waiting for direction. Traders held steady in suspense, glued to U.S./China trade buzz and fixated on tomorrow’s U.S. CPI drop. As we do daily, let's peer into what moved yields on Tuesday, and in which

💡See also: Mortgage Tidbits below. Canada's 5-year yield is lurking just below the conspicuous 3% level, above which it hasn't ventured in 4.5 months. Here's what's moved 5-year #GoCs# on this data-starved Monday, and which way the yield winds were blowing:

💡Don’t miss the Mortgage Tidbits at the end—buried treasure awaits. Friday's job reports sent bonds tumbling faster than a loonie down a Bay Street storm drain. MLN's got the lowdown on that, plus a fresh batch of mortgage nuggets to pad your off-hours reading