Global bond markets have been roiled since the Iran-US conflict began. Surging energy prices together with massive corporate borrowing and ever-expanding government debt issuance have sent Treasury bond prices plummeting, pushing yields to the highest level in nearly two decades. The rout prompted US Treasury Secretary Scott Bessent in August to increase buybacks of the government’s own…
OTTAWA — Traders are increasingly betting that the Bank of Canada could end its string of interest rate holds and deliver a hike as early as next month.
