Canada's 2-Year Government Bond Yield Plummets

On a significant Monday, Canada's 2-year government bond yield experienced a sharp decline, reaching its lowest point since May 2022. This shift has caught the attention of investors and market analysts alike, signaling potential concerns in the economic landscape.

Global Markets React to Tariff Announcements

The weekend saw United States President Donald Trump imposing import tariffs against Canada and Mexico, a move that has not gone unanswered. Both nations have vowed to implement retaliatory measures, stirring unease among global markets. Investors are closely monitoring the situation, wary of the broader implications these actions may have on international trade relations.

Impact on Bond Yields

By 7:22 am ET, the return on the 2-year note had slid 10.7 points to 2.543%. Meanwhile, the 10-year note's return remained unchanged at 3.064%, and the 30-year bond yield decreased by 9.1 points to 3.147%. These movements reflect the market's nervousness and the potential for further volatility in response to ongoing trade tensions.