the bond rates are moving up - 5 year govt bonds at 5.29 +8 basis points / 10 year bond rates at 4.287 up 4.5 basis points and 1 year tbills at 4.36 up 4 basis points.
there is still very little spread -in the rates and with the canadian dollar over 91 cents - the question becomes will prime drop and long term rates move up ?
inflation is picking up in spite of what the government says.
the only caveat - is the stock market may take a hit which would take the steam out of investor and borrower confidence.....time will tell.
Off to the hospital with Joanne - to see if all is well with her ankle.
greygoose out
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