The surge in global bond yields are increasing borrowing costs for households and companies, and household mortgages could be next. Concerns about U.S. debt and inflation have led to rising global bond yields in recent weeks, and on Wednesday, the five-year Government of Canada bond yield was the highest in more than two years. U.S. Treasury Secretary Scott Bessent tried to ease the bond market last month, announcing plans to double the size of a bond buyback program, aiming to increase the bond prices and decrease yields. But the yield on the 10-year U.S. Treasury note, a key benchmark for mortgage rates, increased to its highest level since 2023 on Wednesday. In the United States, the average rate on a 30-year mortgage reached its highest level since 2025. Are you renewing a fixed-rate mortgage within the next few months? Have you recently seen a fixed-rate quote or mortgage pre-approval change? Are you reconsidering a home purchase or making changes to your household budget because of higher borrowing costs? CTVNews.ca wants to hear from you. Share your story by emailing us at dotcom@bellmedia.ca with your name, general location and phone number in case we want to follow up. Your comments may be used in a CTVNews.ca story. With files from The Canadian Press, The Associated Press, CNN and Reuters
