Bond Yields Approaching 1-year Highs

Government bond yields have rebounded sharply since their November plunge. Discounted fixed mortgage rates should climb this week as a result.  A few lenders have already raised rates in the last few business days.

The 5-year yield, which helps determine 5-year mortgage rates, is just 8 basis points below its 14 month closing high.


The 1-year yield has bounced in a similar fashion.

Stronger than expected economic news and ascending U.S. bond yields are driving Canada’s market.

No additional significant economic data is scheduled for release this week.

More Stories
Canadian federal budget
Federal Budget Doesn’t Rock the Canadian Housing Boat
Copy link