Montecfo
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
^^^ market seems to expect rate rise cycle to quickly tank the market, or inflation to come under control quickly.
We will see.
We will see.
Stop the presses!!!! Ally MM is up to a "whopping" 1.40% Still have some catchin' up to do.
I have a 3.25% interest rate on my investment property with a balance of $39K. I am thinking of putting $30K in 2-year TDA brokered CD currently at 3.5%. Do you think is a good idea?
I've noticed that too. Since this is my first attempt at purchasing corporate bonds (based on what I learned here) I bought 10 different bonds at 2k each for a total of 20k. Most bought between 93 and 97.What a change in just a few weeks. CD yields are better than treasuries, AA, and AAA, corporate notes. All the good issues of new high grade corporate bond are gone. All those 4.5-5% coupon high grade corporate notes vanished. There are no more bargains in the secondary market either. Now traders believe the Fed funds rate will top out at 3.25-3.5% by early next year. I'll wait for the next panic selling phase to buy again. Money market funds should top 2% in a few weeks.
I've noticed that too. Since this is my first attempt at purchasing corporate bonds (based on what I learned here) I bought 10 different bonds at 2k each for a total of 20k. Most bought between 93 and 97.
Most are over 100 now. I'm tempted to just buy non-callable 5 year cds at 3.55%.
I was waiting for some really good deals but they're not happening right now.
Freedom. Although you're waiting right now any suggestions on something better than 3.55% 5 year cds?
Most are over 100 now. I'm tempted to just buy non-callable 5 year cds at 3.55%.
Used to have a home loan with PenFed and a couple CDs as well. It just tickled me that they were paying me a little more than I was paying them even though they were holding the money. Very little difference in terms of money earned, but there was some security in having the ability to break and access the CDs vs paying off the home loan and not having a backup store of cash.
In your case it's worth $150 for the two years and $30k, right?
... How can the Fed reduce interest rates or even hold them still in the face of such profligate spending?
Am I missing something?
What a change in just a few weeks. CD yields are better than treasuries, AA, and AAA, corporate notes. All the good issues of new high grade corporate bond are gone. All those 4.5-5% coupon high grade corporate notes vanished. There are no more bargains in the secondary market either. Now traders believe the Fed funds rate will top out at 3.25-3.5% by early next year. I'll wait for the next panic selling phase to buy again. Money market funds should top 2% in a few weeks.