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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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Chaos Unleashed: 6,000 Inmates Escape Amid Mozambique's Post-Election Turmoil

In a shocking turn of events, at least 6,000 inmates escaped from Maputo Central Prison in Mozambique on Christmas Day. The mass breakout occurred amid widespread post-election violence and riots following the confirmation of the ruling Frelimo party's victory in the October 9 elections.

The escape began around midday when a group of subversive protesters agitated near the prison, leading to a confrontation with security forces. During the chaos, prisoners managed to snatch weapons from prison warders and began freeing other detainees. The situation escalated further when a wall collapsed, allowing the inmates to flee.

Mozambique's police chief, Bernardino Rafael, reported that 33 prisoners died and 15 others were injured during the confrontation. Among the escapees were 29 convicted terrorists, raising significant concerns for the country's security forces.

Videos circulating on social media show the moment inmates left the prison, with some prisoners attempting to hide in homes, only to be recaptured by military personnel and prison guards. The police chief has called for the voluntary surrender of the escaped prisoners and urged the public to remain vigilant.

The prison break is a stark reminder of the volatile situation in Mozambique, as the country grapples with the aftermath of a contentious election and the ensuing violence.

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