Robert McLister·Mortgage Rate Trends·December 29, 2009Bond 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. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.