Canada's Bond Yield Drops to Lowest Since May 2022

In a surprising turn of events, Canada's 2-year government bond yield has plummeted to its lowest point since May 2022. This significant drop comes in the wake of recent trade tensions initiated by the United States.

US Tariffs Spark Global Market Concerns

Over the weekend, United States President Donald Trump introduced import tariffs against Canada and Mexico, leading to immediate backlash. Both countries have vowed to implement retaliatory measures, causing unease among global investors and affecting international markets.

Impact on Canadian Bonds

The yield on the 2-year note decreased by 10.7 points to 2.543% by early morning. Meanwhile, the 10-year note remained steady at 3.064%, and the 30-year bond yield saw a slight decrease of 9.1 points to 3.147%.