Canadian Bond Yields Hit New Low

In a surprising turn of events, Canada's 2-year government bond yield has reached its lowest point since May 2022. This significant drop comes amidst escalating trade tensions following the United States' imposition of import tariffs on Canada and Mexico.

Trade Tensions Escalate

United States President Donald Trump's recent decision to introduce import tariffs against Canada and Mexico has led to a swift response from both countries. They have vowed to implement retaliatory measures, causing unease among investors and affecting global markets.

Market Reactions

The yield on the 2-year note dropped by 10.7 points to 2.543% at 7:22 am ET. Meanwhile, the 10-year note's yield remained unchanged at 3.064%, and the 30-year bond's yield fell by 9.1 points to 3.147% at the same time.