What is Canada 5 year benchmark bond yield?

Upgrade now. Canada 5 Year Benchmark Bond Yield is at 3.39%, compared to 3.40% the previous market day and 2.96% last year. This is lower than the long term average of 4.03%. In depth view into Canada 5 Year Benchmark Bond Yield including historical data from 1990 to 2023, charts and stats.

What is a 5-year government bond?

The 5-year government bond is a low-risk investment available to Canadians, so low risk that it is also called a security. The Canadian government backs bonds, and the coupon yield is returned regularly at a set percentage of the bond’s face value.

Is a 5-year bond a safe investment in Canada?

Bond yields are considered one of the safest investments because the Canadian government backs them. While maturity can range from 2 to 30 years for government bonds, the 5-year bond is especially important for Canadian homeowners holding 5-year fixed-rate mortgages since mortgage interest rates follow 5-year bond yields.

Will a 5-year bond yield rise in 2024?

Since then, they have recovered and climbed higher year over year. Based on current trends, the 5-year bond yield is expected to continue on this upward climb for the foreseeable future. The 5-year bond yield is predicted to reach upward of 4% by the end of Q1 2024. Bond yields can be confusing at first.