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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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Hezbollah Leader Hassan Nasrallah Killed in Israeli Airstrike on Beirut

 


In a significant escalation of the ongoing conflict, Hezbollah has confirmed the death of its leader, Hassan Nasrallah, following an Israeli airstrike on Beirut. The strike, which occurred on Friday evening, targeted a building in the southern suburbs of the Lebanese capital, an area known to be a stronghold of the militant group.

The Israeli military stated that the airstrike was a precise operation aimed at eliminating Nasrallah, who had led Hezbollah for over three decades. The attack also resulted in the deaths of several other high-ranking officials, including Abbas Nilforoushan, a general in Iran’s Revolutionary Guard.

The Lebanese Health Ministry reported that six people were killed and 91 others injured in the strike, which leveled multiple apartment buildings. The aftermath has left the city in shock, with rescue operations ongoing to find any remaining survivors.

Nasrallah’s death marks a pivotal moment in the Israel-Hezbollah conflict, raising fears of further escalation in the region. Hezbollah has vowed to continue its resistance against Israel, with many in Lebanon mourning the loss of their leader while others brace for potential retaliatory actions.

The international community has expressed concern over the rising tensions, urging both sides to exercise restraint to avoid a broader regional conflict.




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