LiveZilla Live Help
Call Now! 1-866-932-8412 or
Email: info@mortgagegirl.ca

Financial Update 12/18/09

December 18, 2009

·          TSX -163.98

·          DOW -132.86

·          Dollar -.87c to 93.43cUS

·          Oil -$.01 to $72.65US per barrel.

·          Gold -$28.90 to $1,106.80USD per ounce

·          Canadian 5 yr bond yields -.06 bps to 2.54. The spread based on the MERIX 5 yr rate published rate of 3.99% is 1.45%

·          http://www.financialpost.com/markets/market-data/money-yields-can_us.html?tmp=yields-can_us

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. Ideally lenders are looking for a spread between 1.35 and 1.55



Related posts:

  1. Bank of Canada expected to hike interest rates in mid-2010 Article below shows value in taking the MERIX 50/50 Wise mortgage and limiting client payment shock when variable rates start to rise. I have attached an article previously shared  “Don’t Handcuff Your Mortgage”.  While some of the facts are out of date (such as ARM rates being P+60), the advice to diversify risk on debt [...]...
  2. Realtors edge toward MLS alternative ·           TSX -78.99 (Reuters)  as retreating oil and gold prices sent shares of heavyweight energy and mining companies lower. ·           DOW -93.79 ·          Dollar -.54c to 95.23cUS ·           Oil  -$2.34 to $76.94US per barrel.  as U.S. data showing falling oil and gasoline demand raised worries about economic weakness. ·          Gold -$8.00 to $1,106.00USD per ounce [...]...
  3. BoC focus on consumers worries analysts Mark Carney, the governor of the Bank of Canada, said Thursday consumers would be at the “heart” of an economic recovery that continues to pick up steam, leaving analysts worrying a new wave of spending will only drive consumers deeper into debt. TSX +91.35 (Reuters) DOW +131.95 Dollar -.61c to 95.44 after the Bank of [...]...
  4. Financial update Oct 13, 2009                                    ·           TSX -47.59 Fri closed Mon(Reuters)                                        ·           DOW +78.07 +20.86                                     ·           Dollar +.71c to 95.76.  on Friday-closed Mon                                    ·            Oil  +.08 +$1.50 to $73.27 US per barrel.                                       ·           Gold -$7.60 +$8.200 to $1,056.70USD per ounce                                      ·           Canadian 5 yr bond yields +.17bps to 2.81. The [...]...
  5. Financial Update – Sept 22, 2009                                    ·           TSX -21.34(Reuters) .                                    ·           DOW -41.34                                    ·           Dollar -.67c to 92.81USD                                     ·            Oil -$2.33 to $69.71US per barrel.                                       ·           Gold -$5.50 to $1,003.70USD per ounce                                    ·           Canadian 5 yr bond yields +.02bps to 2.64. The spread, based on 5 yr rate of 4.09% is 1.45%                                    ·          http://www.financialpost.com/markets/market-data/money-yields-can_us.html?tmp=yields-can_us [...]...
blog comments powered by Disqus