The 5-year government bond yield is 3.06% as of July 2026. That is +2.75 pts since 2020, based on official Bank of Canada data.
The trend
Over the monthly series since 2020, the 5-year government bond yield has moved from 0.31% to 3.06%, a clear climb. The chart below tracks the full history, hover or touch any point to read the exact figure.
What it means for you
Fixed mortgage rates are priced off this yield, so a rising yield usually points to higher fixed rates ahead, a reason for buyers to lock sooner.