💡See also: Mortgage Tidbits (below). Bond yields hit the snooze button on Thursday, but the action should heat up at 8:30 a.m. ET on Friday. That’s when the curtain rises on Canada’s monthly labour theatre. Traders are bracing for gloom in the data: weaker hiring, higher

💡See also: GDS talk in today's Mortgage Tidbits (below). With an economic calendar devoid of action, our five-year yield rose by a single lonely basis point, mostly out of boredom. But that alone is notable for one simple reason. Friday's flaming dumpster of a U.S.

Apart from a few minor Canadian trade headlines, Tuesday was pretty much an All-American show on the macro stage. The latest economic setlist now features an awkward medley of slowing growth and sticky inflation—sounds like a stagflation remix. Here’s a full breakdown on that, and a look at

💡See also: Some important Mortgage Tidbits below. America’s payrolls report just hosted a surprise seminar for macro analysts called “How to Faceplant in Public Forecasting.” Few saw this job grenade coming. The miserably weak numbers—289,000 fewer jobs than expected, including revisions—sucker-punched bond bears and sent U.