K96.3 FM Kelowna's Classic Rock - Ralies & Reversals Investment Advice

Well global equity markets are starting the week off on a positive note after an up week last. I'd look for more of the same this week and the weeks to come, but it will be a grind, with periods of consolidation.

The thing to keep an eye on is interest rates, which appear to be on the way up. As a result, bond markets have been selling off of late, particularly U. S. treasuries, which are also seeing lacklustre interest at recent auctions. Related to this theme is the massive wall of corporate maturities coming due in the next couple of years which will need to be refinanced in competition with government deficits and the rolling over of existing government debt. High yield bonds may have outperformed stocks last year and year-to-date, but that is going to change.

That's it for today's report. We'll be covering the issue of rising interest rates for awhile. You can also follow what we have to say via our blog at yourlifeyourplan.ca.

GB