Money Matters Toronto

Canadian 5 yr bond yields -0.05bps to 2.61 – Four weeks ago it was 2.52%. The spread, based on 5 yr fixed rate mortgage of 4.29%,  is at 1.68%.

Pressure on fixed 5 year: down
Financial Post – Markets
Lenders typically like to keep a spread of 1.80% to 2.00% between their fixed five year rates and the [...]

Canadian 5 yr bond yields +0.05bps to 2.72 – Four weeks ago it was 2.39%. The spread, based on 5 yr fixed rate mortgage of 4.29%,  is at 1.57%.

Pressure on fixed 5 year: up.
Financial Post – Markets
Lenders typically like to keep a spread of 1.80% to 2.00% between their fixed five year rates and the [...]