EDIT: Treasury bonds did have a dramatic sell off, but I haven't found a definitive reason or consensus for why amongst more knowledgeable sources. Blundell's reasoning is without sources and I haven't found any others who confirm what he wrote (about the coordination amongst EU leaders or Carney's role).
My apologies for spreading this without checking first. I will leave the post up though because Blundell's substack did get spread around online and other people may arrive here with the same questions.
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A co-ordinated Treasury Bond slow bleed
Carney's checkmate
via Dean Blundell: "Let’s talk about the moment Donald Trump blinked. ... A “pause,” he called it. ... And the reason? **Mark Carney** and a slow, deliberate financial maneuver that most people didn’t even notice: the coordinated Treasury bond slow bleed."
#cdnpoli
#markcarney
#tariffs
#TreasuryBonds