|
|
03-22-2023, 04:40 PM
|
#701
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,930
|
Quote:
Originally Posted by Freedom56
Are you seeing higher CD rates at 2,3,4, and 5 years? The shortest end will continue to move up with rate hikes but the spread with treasuries at 2,3,4, and 5 years continues to grow. This will pull CD rates down at those durations.
|
I really don't watch anything over 2 years very close. So I can't say.
__________________
20's "something" mind, trapped in a 70's "something" body
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
03-22-2023, 04:59 PM
|
#702
|
Thinks s/he gets paid by the post
Join Date: May 2019
Posts: 2,815
|
Quote:
Originally Posted by Car-Guy
I don't really don't watch anything over 2 years very close. So I can't say.
|
I didn't buy anything in the last week that was less than 2 years. The 4 and 5 year are definitely down now, which I expected when treasuries took a dive, which is I why I went in pretty heavily last week. I was able to get 5%+ on the longer term last week.
|
|
|
03-22-2023, 09:04 PM
|
#703
|
Recycles dryer sheets
Join Date: May 2020
Location: San Diego
Posts: 148
|
Quote:
Originally Posted by Free bird
Have we seen the peak in rates for the long end?
|
The long end will come down as we enter recession and/or a credit crises as the normal fear trade. May climb higher if we get another bull trap.
I would bet we are going to lose control of the long end of the curve sometime this decade due to the massive fiscal imbalances and the market realizing the only way out is through inflation.
|
|
|
03-22-2023, 10:21 PM
|
#704
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,361
|
Quote:
Originally Posted by ShokWaveRider
Are you tempted? B+ rated California Bank. The name says it all..... We "Hope" we can pay you in a years time. LOL
|
If it's FDIC insured and you don't wear a tin-foil hat why would you care what the name or rating is?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
03-22-2023, 10:25 PM
|
#705
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
|
Quote:
Originally Posted by ShokWaveRider
Are you tempted? B+ rated California Bank. The name says it all..... We "Hope" we can pay you in a years time. LOL
|
Quote:
Originally Posted by pb4uski
If it's FDIC insured and you don't wear a tin-foil hat why would you care what the name or rating is?
|
Yeah, I would never buy a CD from Chase Bank, because I might have to chase them down to get my money and I'm to old to run.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
|
|
|
03-23-2023, 02:59 AM
|
#706
|
Full time employment: Posting here.
Join Date: Mar 2019
Posts: 759
|
Quote:
Originally Posted by ShokWaveRider
There is a 1y 5.5% at Schwab this evening.
|
That particular CD from Bank of Hope CA is actually a 15 month CD. It settles 3/31 and matures 7/1/24. Still, that's a very good rate for 15 months. As for the name, why should I care? It's FDIC insured and it's not like I'm putting our entire net worth there. Just a sliver.
|
|
|
03-23-2023, 04:17 AM
|
#707
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
|
Quote:
Originally Posted by harley
Yeah, I would never buy a CD from Chase Bank, because I might have to chase them down to get my money and I'm to old to run.
|
Good one!
__________________
Retired since summer 1999.
|
|
|
03-23-2023, 05:30 AM
|
#708
|
Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,931
|
Quote:
Originally Posted by Freedom56
The shortest end will continue to move up with rate hikes ...
|
I don't believe so. Short end has likely peaked. Fed signaled end is near...surprise, surprise ... likely ending at 5.0%, just one more 0.25% hike.
Banks/markets know this, they have no further reason to go higher with short-term CD rates. All of the current short-term CDs at 5.0% and higher will sell out and then they're likely going to move lower. They're going to follow short-term treasury yields...1-year closed yesterday at 4.56%, that's lower than the 4.68% on Tuesday before the Fed announcement.
|
|
|
03-23-2023, 06:33 AM
|
#709
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,719
|
Jumped in on a "Hope" and a Prayer for $200k @ 5.5% 15 Month CD. Still have a few more to go before I rest for a year or so.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
|
|
|
03-23-2023, 08:09 AM
|
#711
|
Full time employment: Posting here.
Join Date: May 2006
Posts: 859
|
Quote:
Originally Posted by ShokWaveRider
Jumped in on a "Hope" and a Prayer for $200k @ 5.5% 15 Month CD. Still have a few more to go before I rest for a year or so.
|
I just jump in too for 230K. Sounds like a good deal and I feel compelled to help our Korean friends. I wonder if maybe Koreans are skittish about banks because they had their own banking crisis in 1997 and many probably lost money.
|
|
|
03-23-2023, 08:19 AM
|
#712
|
Thinks s/he gets paid by the post
Join Date: Jan 2013
Location: SoCal, Lausanne
Posts: 4,408
|
Quote:
Originally Posted by njhowie
I don't believe so. Short end has likely peaked. Fed signaled end is near...surprise, surprise ... likely ending at 5.0%, just one more 0.25% hike.
Banks/markets know this, they have no further reason to go higher with short-term CD rates. All of the current short-term CDs at 5.0% and higher will sell out and then they're likely going to move lower. They're going to follow short-term treasury yields...1-year closed yesterday at 4.56%, that's lower than the 4.68% on Tuesday before the Fed announcement.
|
There still remains a chance for one more spike up as we approach the debt ceiling debate. Otherwise, I agree that short term rates have peaked but there may be some CD issues with higher yields at the short end issued by smaller banks as they increase short term liquidity. Some larger banks and brokers have similar problems. Schwab is planning on issuing $8B per month in CDs. We'll know more when banks start reporting Q1 next month.
|
|
|
03-23-2023, 08:34 AM
|
#713
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,361
|
Quote:
Originally Posted by ShokWaveRider
Jumped in on a "Hope" and a Prayer for $200k @ 5.5% 15 Month CD. Still have a few more to go before I rest for a year or so.
|
Since almost 25% of my fixed income portfolio matures in 2023, I'm afraid that I'm not going to get much rest for a while.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
03-23-2023, 08:53 AM
|
#714
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,930
|
So the first of my CD's that I bought mid last year, mature today (@ Schwab). Anyone know when those funds are posted back to my cash account?
__________________
20's "something" mind, trapped in a 70's "something" body
|
|
|
03-23-2023, 08:57 AM
|
#715
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
|
Quote:
Originally Posted by Car-Guy
So the first of my CD's that I bought mid last year, mature today (@ Schwab). Anyone know when those funds are posted back to my cash account?
|
By the end of the day.
|
|
|
03-23-2023, 09:09 AM
|
#716
|
Full time employment: Posting here.
Join Date: May 2006
Posts: 859
|
Quote:
Originally Posted by Car-Guy
So the first of my CD's that I bought mid last year, mature today (@ Schwab). Anyone know when those funds are posted back to my cash account?
|
I'm curious about this myself. Can you get it back into SWVXX without losing a day of interest?
|
|
|
03-23-2023, 09:12 AM
|
#717
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,930
|
^^^^
And that's where I'll be moving it until I decide which new CD's to buy. I'll let you guys know when I see it posted, for those interested in knowing how long it takes!
Not a big deal but it would be nice if it is posted and available today.
__________________
20's "something" mind, trapped in a 70's "something" body
|
|
|
03-23-2023, 09:28 AM
|
#718
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
|
Quote:
Originally Posted by dmpi
I'm curious about this myself. Can you get it back into SWVXX without losing a day of interest?
|
You can always try putting in the order to move it to SWVXX and see it it takes it. If it doesn’t like it it’ll stop you.
|
|
|
03-23-2023, 09:34 AM
|
#719
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,361
|
Quote:
Originally Posted by dmpi
I'm curious about this myself. Can you get it back into SWVXX without losing a day of interest?
|
I think you can. You'll need to call but you can buy SWVXX for an amount equal to the maturing bond and the two transactions will offset when they settle tonight.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
03-23-2023, 10:47 AM
|
#720
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,930
|
Quote:
Originally Posted by Car-Guy
Maybe, but I hope you are wrong. I just saw (last 30 mins) two new issue 1yr CD's pop up at Schwab for 5.4 and 5.5%. Of course 2 new CD's don't make a trend. "Stuff" is happening pretty fast.
|
Less than 24 hours and they are gone.
__________________
20's "something" mind, trapped in a 70's "something" body
|
|
|
|
|
Currently Active Users Viewing This Thread: 2 (0 members and 2 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|