2. Thursday, September 13, 2012 - 6:12 PM
financial institutions are good they keep you up for more investment straegies...
3. Friday, September 14, 2012 - 8:22 AM
I'm not at all convinced this latest FOMC move is bad "across the board" for savers. For those with longish CD ladders, you might actually be pleasantly surprised over the next couple of years (see my recent comment on the Blog). Note the action on the Ten today (yields popping). The yield curve is markedly steeper today. Insofar as rates on 5-year CDs are tied more to the Ten (and the economy overall) than to MBS yields, I'll be a contrarian and suggest that this move may portend good news for folks in ladders, bad news for bond funds, and a mixed blessing for the economy (unless you're rooting for inflation).
137 posts since
Feb 14, 2011
Rep Points: 937
4. Friday, September 14, 2012 - 8:48 AM
Re: Bozo @ 3. Friday, September 14, 2012 - 8:22 AM
The rise in yield could be a temporary reaction, to the Fed announcement, as funds exit from Treasuries into equities. The first major international incident, or economic hic-cup in Europe, and the stampede will be back into the safe haven of U.S. debt instruments, lowering yields once again.
2,608 posts since
Apr 6, 2010
Rep Points: 14,145