The Globe and Mail reports in its Saturday edition that there is good news from the bond market for anyone seeking returns of 5 per cent with minimal risk. The Globe's Rob Carrick writes that yields in the bond market are one of the biggest influences on returns from guaranteed investment certificates, which present virtually no risk of losing money thanks to deposit insurance. Since the last Bank of Canada rate announcement, bond yields have ticked higher. For borrowers, it would have been ideal if the BOC indicated imminent rate cuts. It did leave the door open to cuts in June or July, but its tone suggested inflation has not yet been subdued enough to make rate cuts a slam dunk. The BOC's view on things was supported by the latest inflation number in the United States, which was disappointingly high. Investors in the bond market latched onto these U.S. and Canadian developments and sent bond prices lower. Lower prices mean higher yields, and vice versa. Bond yields did not rise enough to sustain hopes of an immediate wave of GIC rate increases. However, they create room for better GIC rates from banks and credit unions that want to attract money for mortgage lending as we head into the spring home buying season.