#canadianmortgagerates #bankofcanada #usdebt Canada’s interest rates are surging higher, following US treasury yields and growing worries about the state of both US inflation and US debt. Links: Stock markets tumble Tuesday amid higher bond yields, interest rate expectations: https://globalnews.ca/news/9986076/tsx-september-26-2023/Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx10-year Treasury yield reaches level not seen in more than 15 years: https://www.cnbc.com/2023/09/27/us-treasury-yields-investors-assess-state-of-the-economy.htmlLatest in mortgage news: Mortgage rates keep surging higher: https://www.canadianmortgagetrends.com/2023/09/latest-in-mortgage-news-mortgage-rates-keep-surging-higher/Mortgage Rates: https://www.rbcroyalbank.com/mortgages/mortgage-rates.htmlGLOBAL MARKETS-US yields hit 2007 levels as Fed signals, shutdown fears stoke angst: https://finance.yahoo.com/news/global-markets-us-yields-hit-091625503.htmlUS Risks Its Top Credit Rating With Shutdown, Moody's Warns: https://www.bloomberg.com/news/articles/2023-09-25/government-shutdown-negative-for-us-credit-rating-moody-s-saysBond markets are grappling with a growing pile of government debt: https://www.goldmansachs.com/intelligence/pages/bond-markets-grappling-with-government-debt.htmlBill Ackman believes the 10-year Treasury yield could approach 5% soon: https://www.cnbc.com/2023/09/28/bill-ackman-believes-the-10-year-treasury-yield-could-approach-5percent-soon-.htmlT. Rowe Shorts Treasuries as Yields Risk Climbing to 5.5% on Fed: https://www.bnnbloomberg.ca/t-rowe-shorts-treasuries-as-yields-risk-climbing-to-5-5-on-fed-1.1977584U.S. 10 Year Treasury Note: https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bxDow ends lower as climb in Treasury yields resumes, oil and dollar rises: https://www.marketwatch.com/story/s-p-500-futures-rise-as-treasury-yields-pull-back-95e8a682Fed’s ‘higher for longer’ message hits US stocks and bonds: https://www.ft.com/content/42968686-926c-4a32-8868-494f891d0e26Are High Rates Going to Last? Fed Officials Increasingly Think So.:https://www.nytimes.com/2023/09/21/business/interest-rates-federal-reserve.html10-year Treasury yields may hit 5%, remain "sticky," BofA strategists say: https://www.reuters.com/article/usa-markets-yield-idUKL1N3B31NABallooning budget deficit clear and present danger for the US economy: https://www.globaltimes.cn/page/202309/1298984.shtmlWhy America's deficit doubled to $2 trillion in one year: https://www.axios.com/2023/09/08/why-americas-deficit-doubledUS Debt Clock: https://www.usdebtclock.org/Calls for China to cut US Treasuries persist despite 14-year low: https://www.scmp.com/economy/china-economy/article/3235514/calls-china-cut-us-treasuries-persist-despite-14-year-lowMajor Foreign Holders of Treasury Securities: https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.htmlJapan, China pare U.S. Treasury holdings as currencies hit new lows: https://asia.nikkei.com/Business/Markets/Bonds/Japan-China-pare-U.S.-Treasury-holdings-as-currencies-hit-new-lowsWhy Wall Street Loves Gridlock in Washington: https://www.nytimes.com/2022/11/08/business/wall-street-midterm-elections-gridlock-washington.htmlWhat Is Quantitative Easing (QE), and How Does It Work?: https://www.investopedia.com/terms/q/quantitative-easing.aspSecurities Held Outright: Securities Held Outright: Wednesday Level: https://fred.stlouisfed.org/series/WSHOSHOInflation accelerated in August as oil prices surged: https://finance.yahoo.com/news/inflation-accelerated-in-august-as-oil-prices-surged-123228949.html Mark 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.
