加拿大10年期政府债券收益率升至3.15%以上，扭转了最近从4月11日的11周高点3.27%的大幅回落，因为投资者在加拿大央行周三利率决定之前吸收了最新的国内通胀数据。随着3月份的年通货膨胀率从2月份的2.6%降至2.3%，削弱了市场预期和央行2.5%的预测，越来越多的迹象表明，在停止消费税和HST减免引发0.6个百分点的飙升后，通货膨胀正在正常化。美国贸易紧张局势升级和衰退风险上升打压了全球情绪，削弱了对美国国债的需求。特朗普总统在关税问题上发出的复杂信号——提议豁免汽车进口，同时对半导体和药品征收新税——加剧了不确定性，促使投资者分散对美国资产的投资，并导致加拿大收益率面临上行压力。

Canada’s 10-year government bond yield rose above 3.15%, paring the recent sharp retreat from eleven-week high of 3.27% seen April 11th, as investors absorbed the latest domestic inflation data ahead of the Bank of Canada’s interest rate decision on Wednesday. With the annual inflation rate falling to 2.3% in March from 2.6% in February, undercutting both market expectations and the central bank’s forecast of 2.5%, there are growing indications that inflation is normalizing after a 0.6 percentage point surge triggered by the cessation of GST and HST breaks. Escalating U.S. trade tensions and rising recession risks have weighed on global sentiment, weakening demand for U.S. Treasuries. President Trump’s mixed signals on tariffs—proposing exemptions for auto imports while pursuing new levies on semiconductors and pharmaceuticals—have fueled uncertainty, prompting investors to diversify away from U.S. assets and contributing to upward pressure on Canadian yields.