Tariff News
There isn’t anything scheduled for today in terms of economic releases or other relevant events. However, President Trump’s surprise announcement of a 35% tariff on most Canadian goods coming into the U.S. on top of other related announcements over the past 48 hours has brought that topic back into the forefront for bond traders. There have been reports of the cost of goods starting to rise as a result of this year’s tariffs, so the fresh duties that were announced this week are fueling inflation concerns again in the bond market. Whether or not they will remain in place remains to be seen, but with such a light economic calendar this week, the new tariff headlines are driving bond trading this morning.