A broad selloff hit equities, oil, and gold together on Wednesday, triggered by an escalation in trade tensions that rattled risk sentiment across markets simultaneously. By Thursday midday, most of those moves had unwound, with prices drifting back toward where they started as the initial shock faded. The Government of Canada 10 year yield stands apart: bond markets typically reprice more slowly than equities or commodities, since yield moves reflect shifting expectations about growth and monetary policy rather than short-term positioning. That the yield held its ground while other assets snapped back suggests the market's underlying view on rates was slower to change, or simply less reactive to the same news.
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