For weeks, the buzz in bond circles has been dominated by speculation the U.S. 10-year Treasury would hit 5%. It finally did just that on Monday—for the first time since 2007—before collapsing by yesterday's close. Its u-turn lower was forceful, resulting in a key reversal

The Competition Bureau fed Canadians to the wolves when approving RBC's takeover of HSBC, and Conservative Leader Pierre Poilievre wants people to know it. “We have far too much" concentration in mortgage lending, Poilievre told BNN Bloomberg today. "We have these monstrous, government-protected behemoths that dominate

Watch bond yields long enough, and you learn to expect surprises. This time, however, it was one of the worst types of surprises: a terrorist-led atrocity. The grim tragedy in Israel on Saturday blindsided bond yields, compelling global traders to reverse course and scramble into government bonds. Investors' intention,

The other day, I heard a bond trader irreverently explain bond market action by coining the acronym: ISS. a.k.a. "It's supply, stupid." What it means is that bond traders are rapidly recalibrating their rate expectations, given the avalanche of supply hitting the government debt