The change comes as the yield on five - year
federal government bonds rose to 2.18 per cent Wednesday, the highest in almost seven years.
The change came as the yield on five - year
federal government bonds rose to 2.18 %, the highest in almost seven years.
The changes come as yields on five - year
federal government bonds rose to 2.18 % last Wednesday, the highest in nearly seven years.
Not exact matches
U.S.
government bond yields and the dollar
rose, while U.S. stocks fell on Sept. 20 after the
Federal Reserve signalled it still expects to increase interest rates one more time by the end of the year despite a recent bout of low inflation.
The
federal government had to borrow heavily to finance the war effort and the Fed helped by buying
bonds to keep their yields from
rising above 2.5 %.
The rate increase was in response to three factors: the new mortgage rule changes introduced by the
federal government in early October 2016, which add extra costs to lenders and these costs are then passed down to borrowers; the increasing probability that fixed mortgage rates will soon
rise, following an increase in U.S. treasury
bond yields; and TD Bank's current exposure to the residential mortgage market.