Bond Yields Up - Rates Going Up Soon
June 9, 2009 by Gordon McCallum
From one of our lenders:
Canadian 5 yr bond yields +14bps to 2.71— Four weeks ago it was 2.07. The spread, based on new 5 yr rate of 4.09%, is down drastically to 1.39%. With spreads this low again another interest rate jump is coming. An increase by as much as 25bps could be expected.
If you’re thinking about getting a mortgage or a pre-approval, get your mortgage applications in soon!
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