Five Years Bond Yield Fell Below 2%

Last Friday, Canadian five years bond yield went just below 2% mark. It fell about 15 basis points in just ten days. Not a significant drop but the rate of drop was noticeable. The market was waiting for the Federal Reserve’s announcement and then bonds made a

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A look into mortgage prepayment penalty – as a MBS investor

Paying penalty to break a mortgage term is not a pleasant experience. You have probably experienced the pinch once or twice during your homeownership. It is interesting to see how the penalties decide pool types on mortgage backed securities. The NHA mortgage backed securities guide speaks a

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