gcgang
Thinks s/he gets paid by the post
- Joined
- Sep 16, 2012
- Messages
- 1,571
"Everyone" knows interest rates have nowhere to go but up, and have been going up for several months now. At least money markets, CDs and other short term rates have been going up.
Just to track long term rates, I bought a little EDV (20 year zero coupon ETF) in November, 2016. Since then, it has been kicking out a dividend of 2.85%, and is actually UP 1% in price, meaning rates are very slightly down since then.
Doesn't make a lot of sense to me. Maybe the bond market seems to think inflation and the economy are not as strong as some would have us believe?
Just to track long term rates, I bought a little EDV (20 year zero coupon ETF) in November, 2016. Since then, it has been kicking out a dividend of 2.85%, and is actually UP 1% in price, meaning rates are very slightly down since then.
Doesn't make a lot of sense to me. Maybe the bond market seems to think inflation and the economy are not as strong as some would have us believe?