The recent failure and near-failure of some U.S. and global banks have sent shock waves through bond markets. Earlier this week, some bond yields tumbled more than they have in decades. It reflects a new market outlook, one that portends more economic risk, fewer remaining rate increases from the U.S. Federal Reserve and the end of hikes from the Bank of Canada. Ultimately, this week’s developments could push mortgage rates lower, sooner than expected in Canada, providing at least near-term...