Canadian stock market closed down about 1.9%, two-year Canadian bond yield rose more than 9 basis points

On Wednesday (March 18), during the North American late trading session, the yield on Canada's 10-year benchmark government bond rose by 6.8 basis points, reaching a daily high of 3.454%, and continued to climb overall, with a significant increase during Federal Reserve Chairman Powell's press conference. The yield on the two-year Canadian bond rose by 9.5 basis points to 2.757%; the five-year Canadian bond yield increased by 8.2 basis points to 3.022%. The Mexico Composite Index closed down 0.63% at 65,779.23 points, with losses expanding since 02:30. The Mexican peso fell 1.10% against the US dollar, quoted at 17.8541 pesos. The Brazil São Paulo Stock Exchange Index closed down 0.43%, falling below 180,000 points. The Brazilian real dropped 1.43% against the US dollar, quoted at 5.2676 reals, with losses expanding again since 02:00. The Turkish lira remained generally stable against the US dollar at 44.22 lira, but plunged below 44.4230 lira since 05:00, with a nearly 0.3% decline in the past 24 hours. The Argentina MERVAL Index closed up 1.04% at 2.691 million points.