- TSX -332.62 to 12,156.22 Markets roughed up by Italian news
- DOW -389.24 to 11,780.24
- Oil +1.69 to 97.43
- Gold -19.70 to 1,771.90
- Canadian 5 yr bond yields markets +0.037000 bps to 1.38.
The spread (based on the MERIX 5 yr rate published rate of 3.59%) is above the comfort zone at 2.210 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. The comfort zone is between 1.85 and 2.10
