"TERMS AND CONDITIONS" "https://www.bankofcanada.ca/terms/" "NAME" "Nominal yields have trended down in Canada" "DESCRIPTION" "This file contains data based on the Bank of Canada research paper described above." "The data is not an official statistical release by the Bank of Canada, and it is provided on a voluntary basis by the author(s)." " The Bank and the author(s) are not responsible for errors in this file and do not guarantee that the series will be updated in the future." "Yield to maturity of bonds issued by the Government of Canada with a constant maturity of 10 years" "" "Sources: Statistics Canada Table 34-10-0145-01 (Canada Mortgage and Housing Corporation: 5-year conventional mortgage lending rate) and" "Bank of Canada calculations (Bauer, Diez de los Rios and Melin, Government of Canada yield curve from 1938 to the present: 10-year yield)." "LINK" "https://www.bankofcanada.ca/?p=203146" "SERIES" "id","label","description" "WM_SAN_FEUN20181109_C1_GOC-10Y-YIELD","Government of Canada 10-year yield","Government of Canada 10-year yield" "WM_SAN_FEUN20181109_C1_5Y-MR","5-year mortgage rate","5-year mortgage rate" "OBSERVATIONS" "date","WM_SAN_FEUN20181109_C1_GOC-10Y-YIELD","WM_SAN_FEUN20181109_C1_5Y-MR" "1987-01-01","8.60","10.85" "1987-02-01","8.74","10.46" "1987-03-01","8.65","10.20" "1987-04-01","9.47","10.39" "1987-05-01","9.48","11.04" "1987-06-01","9.49","11.26" "1987-07-01","10.04","11.26" "1987-08-01","10.39","11.49" "1987-09-01","10.89","11.72" "1987-10-01","9.82","11.97" "1987-11-01","10.25","11.49" "1987-12-01","10.17","11.56" "1988-01-01","9.37","11.73" "1988-02-01","9.30","11.49" "1988-03-01","9.81","11.08" "1988-04-01","10.08","11.04" "1988-05-01","10.01","11.29" "1988-06-01","9.74","11.41" "1988-07-01","10.13","11.40" "1988-08-01","10.32","11.92" "1988-09-01","10.03","12.16" "1988-10-01","9.72","11.79" "1988-11-01","10.03","11.78" "1988-12-01","10.07","12.13" "1989-01-01","9.89","12.24" "1989-02-01","10.19","12.23" "1989-03-01","10.10","12.41" "1989-04-01","9.85","12.72" "1989-05-01","9.54","12.29" "1989-06-01","9.27","11.93" "1989-07-01","9.12","11.85" "1989-08-01","9.30","11.76" "1989-09-01","9.61","11.75" "1989-10-01","9.29","11.75" "1989-11-01","9.47","11.75" "1989-12-01","9.34","11.95" "1990-01-01","9.73","12.01" "1990-02-01","10.29","12.42" "1990-03-01","10.70","12.92" "1990-04-01","11.21","13.67" "1990-05-01","10.51","14.21" "1990-06-01","10.44","14.03" "1990-07-01","10.32","13.97" "1990-08-01","10.55","13.56" "1990-09-01","11.02","13.40" "1990-10-01","10.84","13.21" "1990-11-01","10.41","13.04" "1990-12-01","10.12","12.49" "1991-01-01","9.95","12.13" "1991-02-01","9.63","11.58" "1991-03-01","9.55","11.45" "1991-04-01","9.64","11.27" "1991-05-01","9.69","11.23" "1991-06-01","10.12","11.24" "1991-07-01","9.94","11.31" "1991-08-01","9.78","11.47" "1991-09-01","9.23","11.38" "1991-10-01","8.93","10.84" "1991-11-01","8.88","10.14" "1991-12-01","8.54","9.84" "1992-01-01","8.74","9.71" "1992-02-01","8.72","9.68" "1992-03-01","9.13","10.06" "1992-04-01","9.24","10.37" "1992-05-01","8.90","10.14" "1992-06-01","8.67","9.72" "1992-07-01","7.96","9.26" "1992-08-01","7.87","8.72" "1992-09-01","8.29","8.54" "1992-10-01","8.10","9.23" "1992-11-01","8.56","9.33" "1992-12-01","8.32","9.48" "1993-01-01","8.43","9.47" "1993-02-01","7.89","9.44" "1993-03-01","8.03","8.97" "1993-04-01","8.06","8.89" "1993-05-01","7.93","8.88" "1993-06-01","7.77","8.86" "1993-07-01","7.54","8.68" "1993-08-01","7.11","8.58" "1993-09-01","7.41","8.57" "1993-10-01","7.14","8.55" "1993-11-01","7.20","7.84" "1993-12-01","6.99","7.71" "1994-01-01","6.67","7.33" "1994-02-01","7.23","7.20" "1994-03-01","8.08","7.89" "1994-04-01","8.26","9.43" "1994-05-01","8.70","9.48" "1994-06-01","9.23","9.80" "1994-07-01","9.13","10.69" "1994-08-01","8.71","10.33" "1994-09-01","8.84","10.01" "1994-10-01","9.08","9.84" "1994-11-01","9.04","9.85" "1994-12-01","8.97","10.25" "1995-01-01","9.07","10.60" "1995-02-01","8.49","10.48" "1995-03-01","8.56","9.93" "1995-04-01","8.32","9.66" "1995-05-01","7.94","8.98" "1995-06-01","8.02","8.67" "1995-07-01","8.46","8.54" "1995-08-01","8.05","8.94" "1995-09-01","7.87","8.95" "1995-10-01","7.72","8.75" "1995-11-01","7.30","8.66" "1995-12-01","7.25","8.46" "1996-01-01","7.22","8.02" "1996-02-01","7.69","7.79" "1996-03-01","7.78","8.16" "1996-04-01","7.95","8.48" "1996-05-01","7.84","8.47" "1996-06-01","7.82","8.48" "1996-07-01","7.72","8.48" "1996-08-01","7.60","8.01" "1996-09-01","7.32","7.94" "1996-10-01","6.63","7.50" "1996-11-01","6.27","7.01" "1996-12-01","6.67","6.94" "1997-01-01","6.84","7.14" "1997-02-01","6.68","7.12" "1997-03-01","7.00","7.06" "1997-04-01","6.86","7.56" "1997-05-01","6.70","7.46" "1997-06-01","6.54","7.22" "1997-07-01","5.94","6.98" "1997-08-01","6.20","7.00" "1997-09-01","5.92","6.96" "1997-10-01","5.63","6.73" "1997-11-01","5.71","6.69" "1997-12-01","5.68","6.90" "1998-01-01","5.43","6.90" "1998-02-01","5.52","6.84" "1998-03-01","5.42","6.84" "1998-04-01","5.41","6.79" "1998-05-01","5.35","6.92" "1998-06-01","5.35","6.90" "1998-07-01","5.44","6.90" "1998-08-01","5.61","7.08" "1998-09-01","5.00","7.32" "1998-10-01","5.17","6.73" "1998-11-01","5.02","6.94" "1998-12-01","4.92","6.69" "1999-01-01","4.91","6.79" "1999-02-01","5.38","6.79" "1999-03-01","5.12","7.03" "1999-04-01","5.22","6.71" "1999-05-01","5.41","6.99" "1999-06-01","5.51","7.35" "1999-07-01","5.73","7.42" "1999-08-01","5.76","7.80" "1999-09-01","5.78","7.67" "1999-10-01","6.08","7.90" "1999-11-01","6.13","8.13" "1999-12-01","6.25","8.13" "2000-01-01","6.45","8.34" "2000-02-01","6.04","8.43" "2000-03-01","5.83","8.24" "2000-04-01","6.08","8.23" "2000-05-01","5.94","8.50" "2000-06-01","5.80","8.34" "2000-07-01","5.84","8.18" "2000-08-01","5.67","8.08" "2000-09-01","5.74","8.08" "2000-10-01","5.80","8.08" "2000-11-01","5.51","8.04" "2000-12-01","5.45","7.81" "2001-01-01","5.51","7.58" "2001-02-01","5.43","7.52" "2001-03-01","5.51","7.19" "2001-04-01","5.86","7.22" "2001-05-01","5.88","7.38" "2001-06-01","5.96","7.47" "2001-07-01","5.76","7.46" "2001-08-01","5.50","7.39" "2001-09-01","5.53","7.03" "2001-10-01","5.08","6.74" "2001-11-01","5.39","6.51" "2001-12-01","5.55","6.64" "2002-01-01","5.60","6.62" "2002-02-01","5.52","6.59" "2002-03-01","5.87","6.80" "2002-04-01","5.72","7.00" "2002-05-01","5.61","7.00" "2002-06-01","5.58","6.98" "2002-07-01","5.43","6.90" "2002-08-01","5.20","6.61" "2002-09-01","5.07","6.49" "2002-10-01","5.21","6.50" "2002-11-01","5.24","6.47" "2002-12-01","4.98","6.39" "2003-01-01","5.14","6.26" "2003-02-01","5.10","6.29" "2003-03-01","5.22","6.33" "2003-04-01","5.07","6.44" "2003-05-01","4.61","6.10" "2003-06-01","4.69","5.62" "2003-07-01","5.07","5.71" "2003-08-01","5.02","5.87" "2003-09-01","4.73","5.97" "2003-10-01","5.01","5.83" "2003-11-01","5.01","6.02" "2003-12-01","4.86","6.00" "2004-01-01","4.76","5.78" "2004-02-01","4.59","5.51" "2004-03-01","4.57","5.31" "2004-04-01","4.84","5.56" "2004-05-01","4.97","5.82" "2004-06-01","5.01","6.06" "2004-07-01","4.94","6.10" "2004-08-01","4.74","5.97" "2004-09-01","4.75","5.94" "2004-10-01","4.59","5.95" "2004-11-01","4.59","5.87" "2004-12-01","4.44","5.69" "2005-01-01","4.34","5.60" "2005-02-01","4.37","5.59" "2005-03-01","4.42","5.60" "2005-04-01","4.26","5.67" "2005-05-01","4.06","5.55" "2005-06-01","3.87","5.31" "2005-07-01","3.97","5.26" "2005-08-01","3.83","5.32" "2005-09-01","3.99","5.30" "2005-10-01","4.17","5.39" "2005-11-01","4.05","5.56" "2005-12-01","3.98","5.60" "2006-01-01","4.16","5.65" "2006-02-01","4.11","5.75" "2006-03-01","4.24","5.78" "2006-04-01","4.45","5.88" "2006-05-01","4.44","6.05" "2006-06-01","4.54","6.12" "2006-07-01","4.29","6.26" "2006-08-01","4.09","6.24" "2006-09-01","3.98","6.13" "2006-10-01","4.00","6.01" "2006-11-01","3.88","5.99" "2006-12-01","4.06","5.89" "2007-01-01","4.14","5.91" "2007-02-01","4.03","6.00" "2007-03-01","4.12","5.91" "2007-04-01","4.13","5.92" "2007-05-01","4.42","6.01" "2007-06-01","4.50","6.51" "2007-07-01","4.46","6.60" "2007-08-01","4.40","6.62" "2007-09-01","4.34","6.61" "2007-10-01","4.29","6.69" "2007-11-01","4.01","6.73" "2007-12-01","4.01","6.75" "2008-01-01","3.97","6.81" "2008-02-01","3.76","6.72" "2008-03-01","3.53","6.60" "2008-04-01","3.69","6.40" "2008-05-01","3.81","6.21" "2008-06-01","3.82","6.20" "2008-07-01","3.77","6.37" "2008-08-01","3.65","6.25" "2008-09-01","3.89","6.16" "2008-10-01","3.94","6.46" "2008-11-01","3.51","6.51" "2008-12-01","2.90","6.17" "2009-01-01","3.27","5.78" "2009-02-01","3.14","5.28" "2009-03-01","2.89","5.14" "2009-04-01","3.25","4.79" "2009-05-01","3.56","4.62" "2009-06-01","3.53","4.90" "2009-07-01","3.69","5.14" "2009-08-01","3.55","5.13" "2009-09-01","3.50","4.97" "2009-10-01","3.63","5.00" "2009-11-01","3.44","5.06" "2009-12-01","3.84","4.83" "2010-01-01","3.56","4.80" "2010-02-01","3.63","4.73" "2010-03-01","3.74","4.71" "2010-04-01","3.72","5.15" "2010-05-01","3.44","5.30" "2010-06-01","3.21","5.18" "2010-07-01","3.23","5.02" "2010-08-01","2.91","4.82" "2010-09-01","2.85","4.60" "2010-10-01","2.87","4.52" "2010-11-01","3.13","4.45" "2010-12-01","3.18","4.50" "2011-01-01","3.37","4.55" "2011-02-01","3.40","4.68" "2011-03-01","3.47","4.70" "2011-04-01","3.32","4.87" "2011-05-01","3.11","4.83" "2011-06-01","3.14","4.60" "2011-07-01","2.81","4.57" "2011-08-01","2.57","4.52" "2011-09-01","2.22","4.42" "2011-10-01","2.37","4.35" "2011-11-01","2.24","4.38" "2011-12-01","2.02","4.36" "2012-01-01","1.98","4.31" "2012-02-01","2.07","4.23" "2012-03-01","2.20","4.21" "2012-04-01","2.13","4.36" "2012-05-01","1.77","4.35" "2012-06-01","1.78","4.25" "2012-07-01","1.74","4.23" "2012-08-01","1.83","4.23" "2012-09-01","1.79","4.20" "2012-10-01","1.89","4.17" "2012-11-01","1.78","4.15" "2012-12-01","1.88","4.15" "2013-01-01","2.09","4.14" "2013-02-01","1.96","4.11" "2013-03-01","1.91","4.02" "2013-04-01","1.73","4.02" "2013-05-01","2.13","4.02" "2013-06-01","2.49","4.00" "2013-07-01","2.52","4.08" "2013-08-01","2.67","4.14" "2013-09-01","2.62","4.33" "2013-10-01","2.49","4.40" "2013-11-01","2.61","4.39" "2013-12-01","2.82","4.39" "2014-01-01","2.40","4.38" "2014-02-01","2.40","4.32" "2014-03-01","2.47","4.16" "2014-04-01","2.42","4.02" "2014-05-01","2.26","4.02" "2014-06-01","2.27","4.00" "2014-07-01","2.21","4.01" "2014-08-01","2.04","4.01" "2014-09-01","2.22","4.02" "2014-10-01","2.15","4.00" "2014-11-01","1.95","4.00" "2014-12-01","1.87","3.98" "2015-01-01","1.24","3.96" "2015-02-01","1.31","3.91" "2015-03-01","1.39","3.84" "2015-04-01","1.64","3.76" "2015-05-01","1.64","3.74" "2015-06-01","1.73","3.72" "2015-07-01","1.51","3.71" "2015-08-01","1.52","3.71" "2015-09-01","1.54","3.71" "2015-10-01","1.65","3.72" "2015-11-01","1.67","3.72" "2015-12-01","1.51","3.75" "2016-01-01","1.35","3.76" "2016-02-01","1.31","3.75" "2016-03-01","1.35","3.73" "2016-04-01","1.53","3.70" "2016-05-01","1.33","3.67" "2016-06-01","1.11","3.66" "2016-07-01","1.09","3.67" "2016-08-01","1.09","3.68" "2016-09-01","1.08","3.67" "2016-10-01","1.27","3.68" "2016-11-01","1.66","3.70" "2016-12-01","1.82","3.74" "2017-01-01","1.87","3.73" "2017-02-01","1.75","3.75" "2017-03-01","1.76","3.66" "2017-04-01","1.58","3.62" "2017-05-01","1.45","3.59" "2017-06-01","1.78","3.60" "2017-07-01","2.10","3.72" "2017-08-01","1.90","3.82" "2017-09-01","2.15","3.89" "2017-10-01","1.99","3.98" "2017-11-01","1.95","4.04" "2017-12-01","2.10","4.07" "2018-01-01","2.28","4.14" "2018-02-01","2.25","4.26" "2018-03-01","2.12","4.27" "2018-04-01","2.30","4.27" "2018-05-01","2.21","4.35" "2018-06-01","2.15","4.32" "2018-07-01","2.30","4.42" "2018-08-01","2.35","4.43" "2018-09-01","2.35","4.43"