Robert McLister·Mortgage Rate Trends·April 5, 2010Bond Yields Break 3% 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. 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.