💡See also: Mortgage Tidbits (below). Yields escalated modestly by last week’s finish as the U.S. once again played the overachiever. Data showed its economy holding up better than expected, which partly explains why North American credit spreads (the extra compensation investors demand for holding non-government bonds) fell to

💡See also: Mortgage Tidbits (below). Yields came back to life on Thursday as stronger-than-expected U.S. data and more central bank chatter raised chances that the Fed could skip a cut in October.

💡See also: Mortgage Tidbits (below). Wednesday barely left its fingerprints on Canadian yields. It was another day of negligible bond movement as markets: (A) await Friday's GDP and Core PCE, and (B) continue chewing on the Fed’s half-hearted indications of rate cuts.

💡See also: Mortgage Tidbits (below). The bond market kicked off the week with all the action of a library on Christmas Day. Canadian yields are essentially waiting for data that matters, and Friday is that day. We get both Canadian GDP and U.S. core PCE inflation, at least one