{"id":417049,"date":"2010-03-11T10:17:00","date_gmt":"2010-03-11T15:17:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:406297"},"modified":"2010-03-11T10:17:00","modified_gmt":"2010-03-11T15:17:00","slug":"bond-and-dividend-yields-back-to-normal","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/417049","title":{"rendered":"Bond and dividend yields back to normal"},"content":{"rendered":"<p>The rebound in stock prices and a back-up in bond yields pushed the 5-year Government of Canada bond yield (slightly higher than 2.8%) back above the TSX dividend yield (just below 2.7%) on Wednesday.<\/p>\n<p>\u201cThis is another indication that financial market conditions are normalizing,\u201d BMO Capital Markets deputy chief economist Douglas Porter said in a note.<\/p>\n<p>Up until the past year, it was unheard of since the 1950s to have bond yields below dividend yields.<\/p>\n<p>As recently as February, dividend yields were 44 basis points above 5-year bond yields (2.86% versus 2.42%). But when 5-year yields bottomed at 1.8% and the TSX dividend yield topped 4.4% in March 2009, Mr. Porter notes that was a \u201conce-in-a-generation asset allocation opportunity.\u201d<br \/>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=406297\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rebound in stock prices and a back-up in bond yields pushed the 5-year Government of Canada bond yield (slightly higher than 2.8%) back above the TSX dividend yield (just below 2.7%) on Wednesday. \u201cThis is another indication that financial market conditions are normalizing,\u201d BMO Capital Markets deputy chief economist Douglas Porter said in a [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-417049","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/417049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=417049"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/417049\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=417049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=417049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=417049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}