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DAILY BRIEF

TRUMP'S NEW 50% TARIFFS ON CANADA! 😱 #shorts, 10s +5bp · desk brief, Mon 24 Aug 2026

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Treasuries (close 2026-08-21): 2s 4.24% (+5.0bp), 10s 4.74% (+5.0bp), 30s 5.27% (+4.0bp).

Tape (close 2026-08-21): VIX 15.13, 2s10s +50bp.

Narrative: Bessent's sweeping sanctions against Iran send oil prices to their biggest drop in 3 weeks, while fueling hopes of

What mattered:

• TRUMP'S NEW 50% TARIFFS ON CANADA! 😱 #shorts

• Bessent Triggers The Nightmare Scenario For The Bond Market

• Wall Street executives say Treasury Secretary Bessent is prepared to take aggressive steps to push 10-year Treasury yield toward 5% - Fox Business Reporter on X

• Groundwork Is Set for BOJ Rate Hike Next Month, Ex-Official Says

• TSX ends flat as Trump tariff threat keeps trade tensions in focus

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