Archive for May 22nd, 2009
You are currently browsing the Aston Lau blog archives for the day Friday, May 22nd, 2009.
22
May
2009
Bond yields shoot up
As of May 21, 2009, the 5-year GoC bond yield has shot up to 2.26% — the highest it’s been since the beginning of December:
01/12/2008 2.26%
02/12/2008 2.26%
03/12/2008 2.27%
04/12/2008 2.17%
…
11/05/2009 2.07%
12/05/2009 2.10%
13/05/2009 2.09%
14/05/2009 2.11%
15/05/2009 2.13%
18/05/2009 Bank holiday
19/05/2009 2.16%
20/05/2009 2.15%
21/05/2009 2.26%
As you can see from the data above, yesterday’s rate shot up dramatically in one day.
It’s not a matter of if fixed mortgage rates will rise, it’s only a matter of when… and that when is going to be very, very soon.
