Money Matters Toronto » Canadian 5 year bond yields

Don’t Substitue A Line Of Credit For A Mortgage

Christopher Molder — Sat, 26 Sep 2009 00:16:47 +0000

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Bond Yield For Friday, July 10, 2009

Christopher Molder — Sat, 11 Jul 2009 05:18:52 +0000

Canadian 5 yr bond yields +.04bps to 2.41- Four weeks ago it was 2.74. The spread, based on 5 yr rate of 4.49%, is at 2.08%.

Pressure on fixed 5 year: Down.

Financial Post – Markets. Lenders typically like to keep a spread of 1.70% to 1.80% between their fixed five year rates and the current 5 year bond yield. If the bond yield increases then the spread will shrink putting upward pressure on mortgage interest rates. The reverse is also true. If bond yields decrease then the spread widens and there is downwards pressure on fixed rate mortgages.

Bond Yield For Thursday, July 9, 2009

Christopher Molder — Fri, 10 Jul 2009 05:24:25 +0000

Canadian 5 yr bond yields -.04bps to 2.37- Four weeks ago it was 2.82. The spread, based on 5 yr rate of 4.49%, is at 2.12%.

Pressure on fixed 5 year: Down.

Financial Post – Markets. Lenders typically like to keep a spread of 1.70% to 1.80% between their fixed five year rates and the current 5 year bond yield. If the bond yield increases then the spread will shrink putting upward pressure on mortgage interest rates. The reverse is also true. If bond yields decrease then the spread widens and there is downwards pressure on fixed rate mortgages.

A such there is pressure for fixed 5 year rates to be around 2.37 + 1.80= 4.17%

Bond Yield For Wednesday, July 8, 2009

Christopher Molder — Wed, 08 Jul 2009 20:51:39 +0000

Canadian 5 yr bond yields -.00bps to 2.41- Four weeks ago it was 2.68. The spread, based on 5 yr rate of 4.49%, is at 2.08%.

Pressure on fixed 5 year: Down.

Bond Yield For Tuesday, July 7, 2009

Christopher Molder — Tue, 07 Jul 2009 20:57:21 +0000

Canadian 5 yr bond yields -.01bps to 2.41- Four weeks ago it was 2.41. The spread, based on 5 yr rate of 4.49%, is at 2.08%.

Pressure on fixed 5 year: Down.

Financial Post – Markets. Lenders typically like to keep a spread of 1.70% to 1.80% between their fixed five year rates and current bond yields. If the bond yield increases then the spread will shrink putting upward pressure on mortgage interest rates. The reverse is also true. If bond yields decrease then the spread widens and there is downwards pressure on fixed rate mortgages.

Bond Yield for Tuesday, June 30th, 2009

Christopher Molder — Wed, 01 Jul 2009 04:43:26 +0000

Canadian 5 year bond yields -.01bps to 2.48. Four weeks ago it was 2.51. The spread, based on 5 yr rate of 4.49%, is at 2.01%.

Pressure on fixed 5 year: Down.

Financial Post – Market. Lenders typically like to keep a spread of 1.70% to 1.80% between their fixed five year rates and current bond yields. If the bond yield increases then the spread will shrink putting upward pressure on mortgage interest rates. The reverse is also true. If bond yields decrease then the spread widens and there is downwards pressure on fixed rate mortgages.

Bond Yield For Monday, June 29, 2009

Christopher Molder — Tue, 30 Jun 2009 21:08:46 +0000

Canadian 5 yr bond yields -.03bps to 2.49- Four weeks ago it was 2.52. The spread, based on 5 yr rate of 4.49%, is at 2.00%.

Pressure on fixed 5 year rate: down.

Financial Post – Market. Lenders typically like to keep a spread of 1.70% to 1.80% between their fixed five year rates and current bond yields. If the bond yield increases then the spread will shrink putting upward pressure on mortgage interest rates. The reverse is also true. If bond yields decrease then the spread widens and there is downwards pressure on fixed rate mortgages.

Bond Yield For Tuesday, June 30, 2009

Christopher Molder — Tue, 30 Jun 2009 20:58:19 +0000

Canadian 5 yr bond yields -.01bps to 2.48- Four weeks ago it was 2.51. The spread, based on 5 year rate of 4.49%, is at 2.01%.

Pressure on fixed 5 year: Down.

Financial Post – Markets. Lenders typically like to keep a spread of 1.70% to 1.80% between their fixed five year rates and current bond yields. If the bond yield increases then the spread will shrink putting upward pressure on mortgage interest rates. The reverse is also true. If bond yields decrease then the spread widens and there is downwards pressure on fixed rate mortgages.

Bond Yield for Monday, June 29th, 2009

Christopher Molder — Mon, 29 Jun 2009 06:27:14 +0000

Canadian 5 year bond yields -.03bps to 2.49- Four weeks ago it was 2.52. The spread, based on 5 yr rate of 4.49%, is at 2.00%.

Pressure on fixed 5 year rate: Down.

Bond Yield For Thursday, July 26, 2009

Christopher Molder — Fri, 26 Jun 2009 21:45:50 +0000

Canadian 5 yr bond yields +.03bps to 2.58- Four weeks ago it was 2.58. The spread, based on 5 yr rate of 4.49%, is at 1.91%.

Pressure on Fixed 5 Year: Down.