BOND RATES MARCH 13 2013
- TSX +20.09 to
- The Toronto stock market registered a modest gain Tuesday afternoon as energy and mining stocks ran ahead on higher prices for oil and metals
- DOW +2.77 to
- U.S. stocks were lower in choppy trading Tuesday, though the Dow inched its way up to its seventh record high.
- Dollar +0.07 to 97.33
- Oil +0.80 to 92.77
- Gold +4.90 to 1594.20
*these numbers have been taken from www.tmxmoney.com at 8:45 AM EST
Canadian 5 year bond yields markets 0.02 to 1.35 The spread
is BELOW the comfort zone at 1.84 http://www.investing.com/rates-bonds/canada-5-year-bond-yield.
The rate of return on your bond, can be read through a yield curve, If the increase in bond yield continues to go up, the spread will continue to shrink and this could be a trigger for interest rates to rise. The comfort zone is between 1.90 and 2.10.