The mix of lower Eurozone inflation and expectations of additional central bank liquidity appear to have been key in driving Eurozone government bond yields lower this year; and in turn, this may be another reason why yields on major emerging bond markets, like South Africa, have also trended lower.
And finally, I will take a bit of a deeper dive into an area of financial stability that is currently on the minds of many Canadians-housing. I'm aiming to keep my opening remarks short-about 10 minutes-to leave plenty of time for your questions.