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RBC Raises Rates. Others Should Follow

RBC Wow.  RBC isn’t wasting any time following today’s bond market rout.  It just announced a variety of fixed-rate increases:  Press Release

Among other increases, four and five-year fixed rates are up 0.35%, effective tomorrow.

Other banks should follow soon.

RBC’s new trend-setting 5-year fixed “special offer” rate is now 4.54%.