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Bond Yields Are Nearing 5%: What It Means for Your Mortgage and HELOC

  Published September 11, 2026 Something is happening in the bond market this week that matters more to your wallet than the daily swings in the TSX. The yield on the 10-year US Treasury note closed in on 5% on Friday — 4.95% , its highest level since 2023 and approaching territory not seen since 2007 — after climbing 18 basis points in a single week. Canadian bond yields have followed the same path: the 10-year Government of Canada bond hit its highest level in over two years earlier this month, and the 5-year bond — the one that actually sets your fixed mortgage rate — has drifted up to roughly 3.41%, about a quarter-point higher than it was a month ago. If you're renewing a mortgage, shopping for a HELOC, or just trying to figure out whether now is the moment to lock in, here's what's actually going on and what it means for your payments. Why bond yields, not the Bank of Canada, are driving fixed rates right now It's a common mix-up: people watch the Bank of Canada...

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Your daily horoscope: June 28, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Cut through the fog of wishful thinking that has surrounded you for so long and focus on the reality of your current situation. This is the year when you can make a name for yourself in the world, but you must at all times be logical in your thinking.

ARIES (March 21 - April 20):

Give up any ideas you might have had about enjoying a restful long weekend because there will be a ton of tasks to get through between now and the start of next week. Identify what needs to be done, take a deep breath, then get on with it.

TAURUS (April 21 - May 21):

If someone who is usually supportive of your efforts goes out of their way to oppose you today you must find out why. It may be they have serious concerns about the approach you are taking, and it may be you need to listen to them.

GEMINI (May 22 - June 21):

You have been on a pretty smooth path of late but you need to be ready for a few bumps in the road today and over the weekend. No matter what happens and how annoying it may be you must stay calm. Losing your cool will make matters worse.

CANCER (June 22 - July 23):

It’s good that you are not afraid of hard work because the new responsibilities you have been asked to take on are going to be challenging. You must though pace yourself sensibly. If you just put your head down and charge you will very quickly exhaust yourself.

LEO (July 24 - Aug. 23):

The tougher the challenge today the more you will like it, because it gives you a chance to prove yourself to people who have their doubts about your abilities. If you show the right combination of energy and intelligence they are sure to be impressed.

VIRGO (Aug. 24 - Sept. 23):

If a colleague or business partner says you need to sign up immediately to some kind of deal you would be wise to hold back and look at the situation in more detail. They may not be trying to trick you but they have certainly had better ideas.

LIBRA (Sept. 24 - Oct. 23):

The more you try to discuss your differences with someone in a reasonable manner the more irrational their words and actions are likely to get, so maybe the best approach would be to just keep quiet. Your silences can actually be quite intimidating.

SCORPIO (Oct. 24 - Nov. 22):

While some people appear to believe that the best way to get what they want is to pound their rivals into submission you prefer a more subtle approach. If you keep what you say and do under strict control today there is no way you cannot win.

SAGITTARIUS (Nov. 23 - Dec. 21):

You like to keep busy and with Mars moving through the work area of your chart you won’t lack for opportunities to get things done. You must be selective though – don’t work for the sake of working. What is the most important task that requires your attention?

CAPRICORN (Dec. 22 - Jan. 20):

The changes that are now taking place may not appeal to you much but as time goes on you will realize they were necessary. The world never stops turning and attitudes never stop evolving and you must take steps to always evolve with them.

AQUARIUS (Jan. 21 - Feb. 19):

Anyone who tries to interfere in your personal affairs is going to wish they had found a different way to get themselves noticed. You are in one of those moods when you have no hesitation in backing up harsh words with equally harsh action!

PISCES (Feb. 20 - Mar. 20):

Stop worrying about how you are going to make ends meet and focus on activities that will get you noticed and increase your chances of moving up in the world. Take care of your ambitions and your financial situation will work out better than you expected.

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