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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.