Yields start today on the back foot after Trump threatened "Governor Carney" with a 100% tariff if Canada “makes a deal” with China. Apparently, Trudeau isn’t the only prime minister Trump can diplomatically disrespect.
Setting that circus aside, Friday’s subdued data releases did little to move bond markets. The U.S. and Iran confrontation had the most effect, pushing oil prices higher while yields quietly edged lower.
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