{"id":50101,"date":"2019-03-26T21:16:00","date_gmt":"2019-03-27T01:16:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50101"},"modified":"2025-09-19T21:17:30","modified_gmt":"2025-09-20T01:17:30","slug":"winners-and-losers-in-the-bond-yield-collapse","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50101","title":{"rendered":"Winners and Losers in the Bond-Yield Collapse"},"content":{"rendered":"<p>John Heinzl was kind enough to quote me in his latest piece, <a href=\"https:\/\/www.theglobeandmail.com\/investing\/investment-ideas\/article-winners-and-losers-in-the-bond-yield-collapse\/\">Winners and Losers in the Bond-Yield Collapse<\/a>:<\/p>\n<blockquote>\n<p>If you haven\u2019t checked guaranteed investment certificate rates recently, you\u2019re in for a shock. After climbing for most of 2018, GIC yields have gone into reverse. A five-year GIC at Tangerine, for instance, now pays just 2.5 per cent annually, down from 3.1 per cent as recently as November. Government bonds are even less attractive. The five-year Canada bond now yields less than inflation \u2013 the Consumer Price Index rose 1.5 per cent in February \u2013 which means bond investors are earning a negative real return, said James Hymas of Hymas Investment Management. \u201cAnd that\u2019s before taxes,\u201d he said.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>John Heinzl was kind enough to quote me in his latest piece, Winners and Losers in the Bond-Yield Collapse: If you haven\u2019t checked guaranteed investment certificate rates recently, you\u2019re in for a shock. After climbing &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-50101","post","type-post","status-publish","format-standard","hentry","category-press-clippings"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50101"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50101\/revisions"}],"predecessor-version":[{"id":50102,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50101\/revisions\/50102"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}