Financial Update: November 14, 2011
- TSX +167.98 to 12276.85
- DOW +259.89 to 12153.68
- Dollar +0.16 to 98.12
- Oil -0.19 to 97.90
- Gold -11.20 to 1777.00
- Canadian 5 yr bond yields markets +0.001000 bps to 1.40. The spread (based on the MERIX 5 yr rate published rate of 3.59%) is above the comfort zone at 2.190 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
