Written by 12:50 PM Interest Rates • 5 Comments Views: 5

Bond Yields Break 3%

Yields-Jump Canada’s 5-year government bond yield has broken above the psychological 3% level for the first time since October 2008.

Positive U.S. employment data was one of the catalysts.

Bankers’ acceptance rates keep climbing as well, with traders now firmly expecting a June or July rate hike from the Bank of Canada.

Bond yields and bankers’ acceptance rates influence fixed and variable mortgage rates respectively.

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Last modified: April 28, 2014

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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