🏦 THE FED GETS 25 BASIS POINTS. CANADA BROUGHT A TAX BAZOOKA.
The 10 year Treasury hit roughly 5.04%, mortgages moved back above 7%, and Brent finished near $109. The market’s biggest fear is no longer an AI bubble: Bank of America’s latest fund manager survey says 33% of institutional investors now see a disorderly rise in bond yields as the largest tail risk
.🇨🇦 Canada responded Tuesday with a proposed permanent immediate expensing regime covering roughly two thirds of new business capital investment. Ottawa says the policy could cut Canada’s marginal effective tax rate on new investment to 6.4%. That is not a tax footnote. It changes project returns…
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