5yr Yield Climbs 3 Bps Amid New Trade Talks
💡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:
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Santa Fed’s Bag of Cuts May Be Half Empty
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
Read More...
Santa Fed’s Bag of Cuts May Be Half Empty
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
Read More...
5yr Yield Up 1 Tick, Well Behind U.S. Yields
5yr Yield Up 3 Bps Ahead of CPI
💡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
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