💡Launch Update: MLN's coding team—which numbers in the millions (of AI electrons)—is pleased to report that the 3.0 beta drops for everyone this Sunday. Keep an eye out for the launch email then. It was another day of random noise in the bond market. We&

Yields barely flinched on Tuesday with no new numbers to chew on. The market essentially got another day to sit and ponder what Kevin Warsh might do once he’s handed keys to the Fed.

Monday saw a monster U.S. manufacturing report that basically told the recession doomsayers to take a seat and gave the rate-hike crowd hope. Meanwhile, Canada, not to be left out, staged its own little (and we do mean little) industrial comeback. Overall, the stronger North American outlook reduced expectations

💡See also: Mortgage Tidbits (below). Canadian growth flatlined in November and barely inched higher in December, likely keeping rates on ice even longer. But bond yields shrugged it off like yesterday's bad news. Meanwhile, hotter-than-expected U.S. inflation, Trump's hawkish-leaning Fed chair pick, and a widening