Canadian government bond yields fell on Monday, with the 10-year yield down 4.1 basis points to 3.758% and the 2-year down 2.4 basis points to 3.283%. The decline followed a retreat in oil prices, which eased energy-driven inflation concerns.
Lower crude prices reduce energy-driven inflation pressure, which could support expectations of a steadier Bank of Canada path and lower financing costs for farm and feed operations. Direct impact on feed commodity prices is limited.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.