Bond Market Update

Updated: 27-Jun-25 14:49 ET
U.S> ends trade talks with Canada

Oh, Canada

  • Yield push higher in wake of President Trump ending trade talks with Canada and saying the U.S. will let it know the tariff it will be paying to do business with the United States of America.
  • The long end of the curve, more sensitive to inflation pressures, has borne the brunt of the selling.
  • Separately, Bloomberg reports that Republicans reached a tentative deal to raise the SALT deduction cap to $40,000 for a five-year period. The story also notes that it is unclear if enough GOP members in the House wil accept the deal.
  • Yield check:
    • 2-yr: +2 bps to 3.74%
    • 3-yr: +3 bps to 3.72%
    • 5-yr: +3 bps to 3.80%
    • 10-yr: +3 bps to 4.28%
    • 30-yr: +3 bps to 4.82%
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