#canadamortgagerates #bankofcanada #canadianrealestate Canada’s fixed mortgage rates are increasing, not only in anticipation of the Bank of Canada rate hike in September, but also global pressure push up bond yields.Links: Fixed mortgage rates surge higher as bond yields break above 4%: https://www.canadianmortgagetrends.com/2023/08/fixed-mortgage-rates-surge-higher-as-bond-yields-break-4/Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bxMortgage Rates:https://www.rbcroyalbank.com/mortgages/mortgage-rates.htmlDoes rising inflation mean a Bank of Canada rate hike is on the way?: https://www.mpamag.com/ca/mortgage-industry/market-updates/does-rising-inflation-mean-a-bank-of-canada-rate-hike-is-on-the-way/457068Why Treasuries have been clobbered lately: https://www.ft.com/content/b6e99863-cdd3-4b63-af08-2e7f9afdcec8Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/The Bond Selloff Continues. Bearish Call by Bill Ackman Is One Reason: https://www.barrons.com/articles/why-are-bond-treasury-yields-rising-13f2920China cuts US Treasury holdings to 14-year low amid persisting security concerns, geopolitical tensions: https://www.scmp.com/economy/economic-indicators/article/3231288/china-cuts-us-treasury-holdings-14-year-low-amid-persisting-security-concerns-geopolitical-tensionsChina's economy is trapped in a downward spiral that authoritarian regimes are doomed to repeat: https://www.businessinsider.com/china-economy-outlook-low-growth-long-covid-rebound-xi-jinping-2023-8China cuts key interest rate as recovery falters: https://www.bbc.com/news/business-66567085Expect a weaker yuan amidst China’s underwhelming policy response: Deutsche Bank: https://www.cnbc.com/video/2023/08/21/expect-a-weaker-yuan-amidst-chinas-underwhelming-policy-response.htmlChina state banks seen mopping up offshore yuan to stem currency weakness: https://www.reuters.com/markets/currencies/chinas-state-banks-seen-mopping-up-offshore-yuan-liquidity-sources-2023-08-21/China Ramps Up Fight With Yuan Bears to Stop Selloff Spiraling: https://www.bnnbloomberg.ca/china-ramps-up-fight-with-yuan-bears-to-stop-selloff-spiraling-1.1961884Saudi Pile of US Treasuries at Six-Year Low in Shift to Risk: https://www.bloomberg.com/news/articles/2023-08-16/saudi-hoard-of-us-treasuries-at-six-year-low-in-embrace-of-riskBank of Japan policy shift boosts appeal of home market for local investors: https://www.ft.com/content/e8028d7e-6244-42fe-9cbd-b8c461b5a208MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES: https://ticdata.treasury.gov/Publish/mfh.txtGoodbye to the Bull Market for US Treasury Bonds: https://www.bloomberg.com/opinion/articles/2023-08-22/goodbye-to-the-bull-market-for-us-treasury-bondsUS Debt Clock: https://www.usdebtclock.org/US Treasury yields: an inflation rather than bond market crisis: https://www.swissre.com/institute/research/sigma-research/Economic-Insights/inflation-rather-than-bond-market-crisis.htmlWhy China and Japan are praying the US won’t default: https://www.cnn.com/2023/05/25/economy/japan-china-us-debt-default-intl-hk/index.htmlBank fail: How rising interest rates paved the way for Silicon Valley Bank's collapse: https://www.npr.org/2023/03/19/1164531413/bank-fail-how-government-bonds-turned-toxic-for-silicon-valley-bankMark Mitchell – Mortgage Broker London Ontario920 Commissioners road east London, Ontario N5Z 3J1Phone: (519)860-2102 (Call or Text)[email protected]Brokerage Lic: 10464Broker Lic: M16001479https://www.LondonOntarioMortgages.ca – Apply Online!!Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntarioSubscribe NOW for more Mortgage/Financial News/Videos.Follow me on Social Media:Instagram - https://www.instagram.com/mortgagebrokerlondonontarioFacebook - https://www.facebook.com/londonontariomortgagesTwitter - https://twitter.com/londonmortgage1/LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=enCommentary on this Channel should not be considered financial advice.
