Market Commentary

Hey Maple Ridge Realtors! The key report for today is the highly anticipated read on employment in the U.S.

 

April, non-farm payrolls surged by 288,000 driving the unemployment rate down from 6.7% to 6.3%, its lowest level in more than five years.  Expectations had been for a 210,000 increase.

 

The employment rebound is seen as further evidence Q2 will be much better than Q1, which saw plodding growth of just 0.1%.

 

The U.S. Fed shrugged of the first quarter's sluggish performance in its latest monthly meeting and will continue to unwind its bond buying program.

 

North American markets were all trading higher in the early going.

 

Bond yields range from -3 to +2.

 

Commercial Bond Yields

Canada Mortgage Bond

Canada Housing 06/15/19*: 1.97%

Canada Housing 12/15/19 : 2.09%

Canada Housing 06/15/24*: 2.86%

*denotes interpolated rate

 

Select Government of Canada Bonds

CAN 3.75 06/01/19: 1.69%

CAN 2.50 06/01/24: 2.42%

GOC Bonds are for reference purposes only

 

First National Floating Insured Cost of Funds

1.22%

 

Bank Prime Rate

3.00%

 

Posted Rate

1 Year: 3.09%
2 Year: 3.04%
3 Year: 3.44%
4 Year: 3.94%
5 Year: 4.79%

 

c/o Ed Kieser
Director, Commercial Mortgages
and Broker Services

This blog is written and supported by:www.Canadian1st.ca & www.MapleRdigeForSale.ca

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