With no new domestic data to distract traders, Canadian yields largely played follow-the-leader with their American cousins. Here were the day's catalysts, and the direction they moved rates in:

Canadian yields spiked on Tuesday after core inflation surprised. That combined with further bond selling following Friday's Moody's downgrade. Here's how these and the day's other economic twists moved yields:

As expected, Canada's most-watched inflation measure hit the brakes hard, mainly because gas prices did too. Removal of the carbon tax and falling oil prices pulled CPI growth well below target. Core inflation is a whole different story. Strip away the volatile stuff, and underlying inflation grew more

With no major Canadian data to stir the pot on Friday, the 5-year yield meandered like a Bay Street economist after a three-martini lunch. Here's what moved it, and in which direction.