Week Ending July 19, 2026

Quick Market Roundup

Policy Rates

🇨🇦
0.00%
BoC
🇺🇸
0.00%
Fed
🇪🇺
0.00%
ECB
🇬🇧
0.00%
BoE

Market Snapshot

Fixed Income
CA 10Y
0.00%
-8bps
US 10Y
0.00%
+3bps
IG Spread
0bps
Tight
Equities
S&P 500
0
+0.6%
TSX
0
+0.8%
NASDAQ
0
+0.9%
Alternatives
WTI Oil
$0.00
+3.8%
Gold
$0
-1.2%
VIX
0.0
-2.3pts

Sentiment

Fixed Income
Duration: Neutral
Credit: Cautious
Quality: Positive
Equities
Sectors: Risk-on
Style: Growth
Hedging: Neutral
Alternatives
Strategy: Expanding
Liquidity: Neutral
Hedging: Risk-on

This Week's Highlights

RatesCanada's 10Y rallied 8bps to 3.57% on growing bets for a BoC resumption of cuts, while US 10Y backed up 3bps to 4.58% as sticky core PCE reduces the odds of a July Fed cut.
SectorsFinancials and Energy led the tape as Q2 bank earnings beat estimates and Brent held above $80, while cyclical breadth reached its widest level since Q1; TSX outperformed on bank strength.
StrategyPrivate credit offering highest risk-adjusted returns at 11.5% yields while PE secondary discounts of 15-20% create vintage year entry opportunities.

Explore

Fixed IncomeRates, credit spreads, and institutional duration views
EquitiesSector rotation, style factors, and strategist targets
AlternativesPrivate markets, real assets, and hedge fund strategies

Recent Reports

EQCyclicals Extend Gains as S&P 500 Tops 7,570 on Resilient EarningsJuly 19, 2026FICentral Bank Triple Header Looms as Canada-US Yields DivergeJuly 19, 2026ALTPrivate Credit Yields Hit 11.5% as Secondary Discounts Signal OpportunityJune 14, 2026EQFinancials Lead Equity Rally as Fed Pause Sparks Sector RotationJune 14, 2026FIFed Delivers Cut as BoC Holds—Duration Strategies Gain MomentumJune 14, 2026ALTPrivate Credit Yields Hit New Highs as REITs RallyJune 7, 2026