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Bond Yields Are Nearing 5%: What It Means for Your Mortgage and HELOC

  Published September 11, 2026 Something is happening in the bond market this week that matters more to your wallet than the daily swings in the TSX. The yield on the 10-year US Treasury note closed in on 5% on Friday — 4.95% , its highest level since 2023 and approaching territory not seen since 2007 — after climbing 18 basis points in a single week. Canadian bond yields have followed the same path: the 10-year Government of Canada bond hit its highest level in over two years earlier this month, and the 5-year bond — the one that actually sets your fixed mortgage rate — has drifted up to roughly 3.41%, about a quarter-point higher than it was a month ago. If you're renewing a mortgage, shopping for a HELOC, or just trying to figure out whether now is the moment to lock in, here's what's actually going on and what it means for your payments. Why bond yields, not the Bank of Canada, are driving fixed rates right now It's a common mix-up: people watch the Bank of Canada...
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Nikki Haley Suspends Presidential Campaign, Paving the Way for Trump-Biden Rematch

 

Former U.S. Ambassador to the United Nations, Nikki Haley, has made a significant decision that will shape the upcoming U.S. presidential election. On Wednesday, Haley announced her suspension of the presidential campaign, effectively ensuring that Donald Trump will secure the Republican nomination. This development sets the stage for a high-stakes rematch between Trump and Democratic President Joe Biden in November.

Haley’s campaign suspension comes on the heels of Super Tuesday, during which Trump emerged victorious in 14 out of 15 Republican nominating contests. Although Haley outlasted other Republican challengers, she never posed a serious threat to the former president. Trump’s iron grip on the party’s base remained unshaken, despite facing multiple criminal indictments.

Nikki Haley garnered support from deep-pocketed donors who aimed to prevent Trump from securing a third consecutive Republican presidential nomination. Her strong performances in debates—performances that Trump chose to skip—highlighted her appeal to moderate Republicans and independent voters. Notably, she secured almost 40% of the vote in South Carolina and won unaffiliated voters by a wide margin in New Hampshire.

The impending rematch between Trump (77 years old) and Biden (81 years old) marks the first repeat U.S. presidential contest since 1956. However, it’s a contest that few Americans desire. Both candidates face low approval ratings among voters, and the election promises to deepen the existing political polarization in the country.

Biden portrays Trump as an existential threat to democratic principles, while Trump continues to re-litigate his false claims of victory in the 2020 election. As the nation braces for this divisive showdown, the question remains: Can either candidate bridge the gap and unite a fractured electorate?

In the end, Nikki Haley’s decision to step aside clears the path for a Trump-Biden rematch—one that will undoubtedly capture the attention of the entire nation.


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