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08-03-2022, 03:58 PM
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#1141
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Thinks s/he gets paid by the post
Join Date: Sep 2008
Posts: 1,008
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"The market thinks" I have a feeling the "market" is going to get it wrong.....
I look for rates to climb well into 2023.
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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08-03-2022, 05:44 PM
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#1142
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,413
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 Quote:
Originally Posted by aja8888
Using some uninvested cash in my IRA today:
Settle Date: 08/16/2022
Action: Bought
Quantity: 10,000
Symbol: JP MORGAN CHASE & 3.1% CD FDIC INS DUE 08/16/23 US
Unit Price: $100.00
Note 3.1% on a one year CD (new issue).
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Did you buy all of them? None left...
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08-03-2022, 08:44 PM
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#1143
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Fidelity money market FZDXX 2.08%
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08-03-2022, 08:47 PM
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#1144
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,727
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Quote:
Originally Posted by Another Reader
Did you buy all of them? None left...
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Darn, maybe I got lucky? This stuff does move fast though. 
__________________
*********Go Yankees!*********
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08-03-2022, 11:09 PM
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#1145
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,873
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Quote:
Originally Posted by COcheesehead
Fidelity money market FZDXX 2.08%
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Where do you see this?
I’m seeing 1.99% on 8/2 on the Fidelity website: https://fundresearch.fidelity.com/mu...risk/31617H805
__________________
Eat, Drink and Be Merry.
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08-04-2022, 05:24 AM
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#1146
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Full time employment: Posting here.
Join Date: Oct 2015
Posts: 900
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So here is something I just don't get. I am a Schwab guy and prefer to keep my dollars under one roof if nothing else to just keep things simple. Part of my plan has me holding about mid 6 figures in cash equivalents. About a year ago I opened up a Marcus HYSA (towards the top of competitors at the time for both HYSAs and MMKT accts) to get some yield on those funds since Schwab had nothing to compete with Marcus. Fast forward to today, now Schwab's SWVXX (MMKT) is yielding 1.99% and Marcus is at 1.50%? Looking at the recent history, SWVXX did not start showing any real equivalent yield until end of June. Can someone explain to me why these HYSAs and MMKTs do not move more in tandem, especially in a rising interest rate environment? So now, I'm inclined to move my cash back to SWVXX and perhaps keep a small amount in Marcus to keep that account open in the event I need to switch back. I hate to micromanage chasing yield, but a .50% pop on $600K might buy an extra steak dinner from time to time. How anal do you all get in chasing yield on cash?
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08-04-2022, 06:22 AM
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#1147
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
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Quote:
Originally Posted by tulak
And now at 2% as of 8/2.
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2.08% this morning. Tracking up! 
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08-04-2022, 06:56 AM
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#1148
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by tulak
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The research pages are behind. I have the fund and it reports the yield daily. As of this morning it says 2.08%.
Edit, if you click on your link, it also says 2.08%.
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08-04-2022, 07:26 AM
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#1149
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,796
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Penfed 5 year CD is now 3.2 %. 7 year CD also 3.2 %. Not high enough! cmon 4 % !
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08-04-2022, 08:08 AM
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#1150
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Recycles dryer sheets
Join Date: Jun 2020
Posts: 123
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Quote:
Originally Posted by COcheesehead
The research pages are behind. I have the fund and it reports the yield daily. As of this morning it says 2.08%.
Edit, if you click on your link, it also says 2.08%.
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Is there a fidelity fund MM earning similar open to new investors with $25k to invest? This one says $100k min and the other mentioned is closed to new investors.
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08-04-2022, 08:16 AM
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#1151
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Recycles dryer sheets
Join Date: Jun 2020
Posts: 123
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Quote:
Originally Posted by COcheesehead
The research pages are behind. I have the fund and it reports the yield daily. As of this morning it says 2.08%.
Edit, if you click on your link, it also says 2.08%.
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Is there another Fidelity MM fund earning similar thats open to new investors and has lover minimum investment? This one shows closed on my account and the other shows $100k min
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08-04-2022, 08:17 AM
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#1152
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by duluthga
is there a fidelity fund mm earning similar open to new investors with $25k to invest? This one says $100k min and the other mentioned is closed to new investors.
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fdrxx 1.74%
fzfxx 1.71%
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08-04-2022, 08:18 AM
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#1153
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Recycles dryer sheets
Join Date: Jun 2020
Posts: 123
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Quote:
Originally Posted by COcheesehead
fdrxx 1.74%
fzfxx 1.71%
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Tks
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08-04-2022, 08:21 AM
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#1154
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
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Quote:
Originally Posted by John Galt III
Penfed 5 year CD is now 3.2 %. 7 year CD also 3.2 %. Not high enough! cmon 4 % !
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The 5 and 10 year treasury rates have dropped, not risen, so looking for longer rates to rise significantly may be futile until 5 and 10 year treasuries move back up again.
All the rising action is in the short end right now - 1 month to 2 years.
__________________
Retired since summer 1999.
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08-04-2022, 08:29 AM
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#1155
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,873
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Quote:
Originally Posted by COcheesehead
The research pages are behind. I have the fund and it reports the yield daily. As of this morning it says 2.08%.
Edit, if you click on your link, it also says 2.08%.
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Got it. You were seeing the 8/3 yield. The site I linked to was showing the 8/2 yield when I looked. It looks like there’s a delay before the page I referenced is updated. Thanks!
__________________
Eat, Drink and Be Merry.
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08-04-2022, 08:29 AM
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#1156
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Moderator
Join Date: Jul 2017
Posts: 5,767
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Check out Vanguard's money market (and sweep account) rates. They are changing constantly (which is why I'm not posting, the info might be incorrect by tomorrow) but appear to be up, i.e. in the 2% range.
__________________
Use it up, wear it out, make it do or do without.
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08-04-2022, 08:33 AM
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#1157
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by audreyh1
The 5 and 10 year treasury rates have dropped, not risen, so looking for longer rates to rise significantly may be futile until 5 and 10 year treasuries move back up again.
All the rising action is in the short end right now - 1 month to 2 years.
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Correct. The short end is rising. Intermediates have dropped. The time to buy in the 5-10 year range was about 6-7 weeks ago when rates spiked. I was buying munis around 4.5%. Today those same durations are around 3.7%.
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08-04-2022, 09:13 AM
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#1158
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,259
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Quote:
Originally Posted by John Galt III
Penfed 5 year CD is now 3.2 %. 7 year CD also 3.2 %. Not high enough! cmon 4 % !
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Five years at 3.2%. Inflation is currently raging at 9% for the 12 months ending in June.
If I was a banker, I would take that bet.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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08-04-2022, 10:20 AM
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#1159
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,612
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Announced this morning 8/4, American Express High Yield Savings moves to 1.4% from 1.25% announced on 7/29. This matches Live Oak Bank, which has been at this rate since mid-June.
Coincidentally, while not matching Treasury yields, Live Oak does offer a 1-year CD at 2.50%. With a $2500 minimum to open.
Amex Bank has a different structure for CDs that pays less for 18-, 36-. and 48-months by 1% or more. 1-year CD is 2.25%, 18-months 1.00% etc (see the link below). 5-year CD is 3.0% roughly matching PenFed. No minimum to open, but early withdrawal penalties are stiff.
https://www.americanexpress.com/en-u...savings-nav-cd
This whole thing just gets more interesting for internet-based banks.
__________________
Only got A dimple, would have preferred 2!
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08-04-2022, 11:04 AM
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#1160
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Recycles dryer sheets
Join Date: Dec 2005
Posts: 319
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I purchased a 3 month brokered CD from Fidelity @ 2.4% today.
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