💡See also: Mortgage Tidbits (below). With no major economic data released today, jittery bond markets–still reeling from Tuesday’s brutal selloff–were left at the mercy of more political posturing. A measure of calm returned (for now) after Trump called off his latest tariff threats.

💡See also: Mortgage Tidbits (below). It’s been a bruising week for bonds. Political theatre in the U.S. and Japan jolted a global bond market already tense about Greenland.

With U.S. markets shut on Monday, Canadian CPI grabbed all the spotlight. Inflation proved just contradictory enough to confuse people, including the BoC.

💡See also: Mortgage Tidbits (below). Trump's unsolicited Greenland bid has markets on edge. If it results in more tariff-driven inflation anxiety, that could be bullish for yields. On Canada's domestic front, it's CPI day, the biggest macro report this side of unemployment.