- TSX -36.60 to 12270.56
- DOW -119.05 to 11414.86
- Dollar -1.59 to 100.08 USD
- Oil -1.59 to $87.73USD per barrel Oil prices fell to near US$88 a barrel Friday in Asia as investors mulled whether a new U.S. jobs package will help boost crude demand
- Gold -.60 to $1842.50 per ounce
- Canadian 5 yr bond yields markets -.03bps to 1.41. The spread (based on the 5 yr rate published rate of 3.59%) is above the comfort zone at 2.18. The spread based on the 5yr quick close rate of 3.39% is near the top of the comfort zone at 1.98 The uncertainty in the bond market is forcing a wider than normal margin until investors see some stability return http://www.tmxmoney.com/HttpController?GetPage=BondsAndRates&Language=en The rate of return on your bond, can be read through a yield curve, If the increase in bond yield continues to go up, the spread will continue to shrink and this could be a trigger for interest rates to rise. 1.75 and 1.95
Have a great weekend !