March 20, 2023
Bond yields have plummeted but mortgage rate drops have been slow to materialize. Today's post explains why.
Posts from the ‘davethemortgagebroker’ Tag
March 13, 2023
Last week the BoC and the Fed both made hawkish statements and the latest CDN and US employment data beat expectations. So why are bond yields plummeting?
March 6, 2023
Today’s post explains why there is a zero percent chance that the Bank of Canada will raise its policy rate when it meets this Wednesday.
February 27, 2023
In today's post I explain why the Canadian bond market zigged when we would have intuitively expected it to zag based on our latest inflation data.
February 13, 2023
Today's post explains why last week's banner Canadian employment headline is causing investors to pare back their bets on Bank of Canada rate cuts in 2023.
December 5, 2022
Financial markets are pricing in another 0.25% increase by the Bank of Canada this Wednesday, but I think a 0.50% hike might actually make more sense.
November 21, 2022
Canadian inflation levelled off last month. While we all hope it will resume a downward path soon, there are signs that it may take longer than expected.
November 14, 2022
The latest US inflation data set off a breathtaking rally in financial markets last week. Today's post explains why I think that was an over-reaction.