In the last 14 days, we saw bond yields tank by more than 50 basis points. This is due to markets rethinking clingy inflation after last week’s US data.
We’re back for another rate update!
Market implied odds of a rate cut at the BoC’s nest rate announcement (July 24th) are now at 64%. Not to shabby right?
A lot of movement in the yields indicate that we may see some reductions in the fixed rate offerings later this week. Fingers crossed!
In regards to inflation, if things continue to progress as we’ve been seeing, we may just see the 5 year fixed insured rates at 3.99% before winter time.
All in all, looks like we’ve got a treasure trove of good news to enjoy summer with!
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