What a roller-coaster ride for bond investors this past year, and the first quarter of 2021 delivered an unsettling bump! Graphs compare the yield on the US Generic Government 10 Year bond with the yield on the comparable 2 year bond over the past 5 years. The arrival of COVID-19 in early 2020 saw bond yields plunge as investors sought safe havens, with both yields touching historic lows, but the 10-year yield has now recovered by over 1% and GIC rates followed suit, with a 5-year term now offering 2%.