Canada 10-Year Government Bond Yield

## What this measures

The market yield on the Government of Canada 10-year benchmark bond.

## Why it matters

Long yields set the base for fixed-rate borrowing, and 5-year mortgage rates follow the 5- and 10-year yields closely.

## How to read it

Compare with the U.S. 10-year: Canadian yields usually trade below U.S. yields, and the gap moves the Canadian dollar. The monthly OECD series is rates.gov10y.can.

## What it does not say

It is one benchmark bond; it does not show provincial or corporate borrowing costs.

## Source

Bank of Canada, Valet API, series BD.CDN.10YR.DQ.YLD ("Benchmark bond yield, 10-year"). Palanor pulls it from the Bank's Valet service every weekday. Source: Bank of Canada. Content obtained from the Bank of Canada website; changes are noted where Palanor computes from it.