Canada's Bond Yields Drop Amid Trade Tensions

In a significant market movement, Canada's 2-year government bond yield has plummeted to its lowest point since May 2022. This downturn comes in the wake of heightened trade tensions following the United States' imposition of import tariffs on Canada and Mexico.

Global Markets React to Trade Policies

President Donald Trump's recent decision to introduce tariffs against Canada and Mexico has not only strained relations but also sent ripples through global markets. Both countries have vowed to retaliate, promising to implement their own measures against the US, further exacerbating investor concerns over the potential economic fallout.

Market Movements Detailed

At 7:22 am ET, the return on the 2-year note experienced a sharp decline, dropping 10.7 points to 2.543%. Meanwhile, the 10-year note's return remained steady at 3.064%, and the 30-year bond yield saw a decrease of 9.1 points, settling at 3.147%.