What surging bond yields can mean for Canadians
By Global News
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Consumers could be facing higher borrowing costs for longer as bond markets are once again signalling rising economic risk to the finance and investing community amid the Iran war, rising government debt, and an escalating trade war with the U.S. A bond is essentially a loan that governments and companies use to borrow money from the general public, and in return for providing funding, those that purchase bonds expect to earn interest. Carrie Freestone, Senior U.S. Economist at RBC Capital Markets, joins Global’s Nivrita Ganguly to discuss what’s driving bond yields higher, and why this should matter to Canadians. For more info, please go to https://globalnews.ca Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #bondyields #GlobalNews
Tags: global news, bond yields, U.S. treasury yields, bonds, Canadian bond yields, Bank of Canada, Canadian economy, debt, loans, personal finance
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