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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: November 29, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

It’s good that you are easygoing by nature but the message of the stars on your birthday is that you need to step up a gear or two in order to make the most of your talents. Set yourself targets that challenge you on every level.

ARIES (March 21 - April 20):

Try to avoid people who have a tendency to get aggressive if you disagree with them. The fact is you won’t change their views and they won’t change your views, so why waste time arguing over issues that cannot be resolved?

TAURUS (April 21 - May 21):

Cosmic activity in the wealth area of your chart means you need to be extra careful when dealing with money, both your own and other people’s. You may be a trusting sort by nature but you cannot afford to take chances.

GEMINI (May 22 - June 21):

Might rarely makes right and this is one of those occasions when if you try to force others to do your bidding they will surely rebel. Have you thought about asking them nicely instead? It might work better than confrontation.

CANCER (June 22 - July 23):

Don’t try to twist the facts or exaggerate your own importance over the next 24 hours. If recent events did not work out as well as you had hoped you don’t have to make excuses – no one expects you to be perfect.

LEO (July 24 - Aug. 23):

It’s time to knuckle down and create something of value that benefits other people as much as it benefits you personally. Anyone who tries to talk you out of your plans must be ignored – they are simply jealous of your ambitions.

VIRGO (Aug. 24 - Sept. 23):

If rivals and competitors get the impression that you won’t fight back when they give you a hard time then, of course, you must expect to be kicked around a bit. The message of the stars is you need to stand up for yourself.

    LIBRA (Sept. 24 - Oct. 23):

    The fact that you don’t see eye-to-eye with everyone you have dealings with is actually a good thing. It means you are less likely to be lulled into a false sense of security and let them get away with decisions that could harm you.

    SCORPIO (Oct. 24 - Nov. 22):

    The approaching new moon indicates that you could make some serious money over the next few days. However, with Mercury in its retrograde phase you must make sure that your decisions are based on fact and not on wishful thinking.

    SAGITTARIUS (Nov. 23 - Dec. 21):

    It may be wise to let a partner or loved one have their way over the next 24 hours, even if you profoundly disagree with what they are doing. Keep your distance though so you don’t get tarnished by their inevitable failure.

    CAPRICORN (Dec. 22 - Jan. 20):

    The more you try to hide your feelings the more some people will try to wind you up and get you to overreact. A better course of action by far would be to admit that certain issues have got to you on an emotional level.

    AQUARIUS (Jan. 21 - Feb. 19):

    A can-do attitude is an absolute must. There are so many ways in which you can improve your life now but if you allow more negative types to persuade you that taking risks is best avoided you will fall short of your true potential.

    PISCES (Feb. 20 - Mar. 20):

    Cosmic activity in the career area of your chart will bring challenges and opportunities in equal measure over the next few days but Sunday’s new moon is by far the main event – and you can and should be the main attraction.

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