In the week ended August 2, the U.S. 10-year yield plunged 41 bps. That's a 9.8% drop in percentage terms, as measured against the yield the week before.
How often does the 10-year Treasury yield belly flop 9.8%+ and 41 bps in a single week?
How about only three other times since 1962?!
This statistic should have eyebrows hitting hairlines. In MLN's latest Mortgage Minute, we break down why this seismic shift matters for Canadian mortgagors.
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