Canada Inflation Falls to 2.8%, Core Measures Ease, 10s -2bp — desk brief, Mon 20 Jul 2026
Treasuries (close 2026-07-17): 2s 4.18% (+2.0bp), 10s 4.55% (-2.0bp), 30s 5.06% (-3.0bp).
Tape (close 2026-07-17): VIX 18.77, 2s10s +37bp.
Narrative: Energy secretary: US 'will continue to assure flow of traffic' through Strait of Hormuz amid reignited Iran war
What mattered:
• Canada Inflation Falls to 2.8%, Core Measures Ease
• Morgan Stanley on the Fed: 3 Hikes, You're Out
• Strong jobs market continues to fuel sticky inflation, Apollo says
• Goldman Sees Turkey Likely Tolerating Faster Lira Slide
• IDR/USD: Rupiah May Recover on Rate Hike, Stronger Fiscals, Analysts Say