CS regular bonds survived intact. The only ones to fail were AT1 notes which were only available to certain institutional investors.True Confession: about a year ago, I toyed with the idea of buying some of those Credit Suisse bonds at 7%. Too big to fail, right?
CS regular bonds survived intact. The only ones to fail were AT1 notes which were only available to certain institutional investors.
CS regular bonds survived intact. The only ones to fail were AT1 notes which were only available to certain institutional investors.
CS regular bonds survived intact. The only ones to fail were AT1 notes which were only available to certain institutional investors.
So with the Fed's .25 rate hike today, (and early comments I've seen from them) IMO, we should start seeing plenty of 1 and 2 year CD's hitting 5.5 to 5.75% within a few weeks. Great timing for me.
Wait for the Powell conference and listen for signals that the Fed intends to keep rates at these levels for much longer rather than the 1% Fed funds rate that the market is projecting for 2025. The stock market casino wants easy money and savers want higher for longer. The best scenario for the "Golden Period" right now is a long pause into 2025.
so why are we seeing 22553QQS9 such high ytm if so?
I don't think that's a slam dunk but I hope you are right.So with the Fed's .25 rate hike today, (and early comments I've seen from them) IMO, we should start seeing plenty of 1 and 2 year CD's hitting 5.5 to 5.75% within a few weeks. Great timing for me.
Nothing is guaranteed but based on the last year trends, (and back in the day when there wasn't a war on savers) it's a pretty good bet, IMO.I don't think that's a slam dunk but I hope you are right.
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.With the rush to safety and treasury yields falling, the next batch of CDs will reset much lower. If the yield curve stays inverted for an extended period of time, individual investors can buy the short end and be okay, but passive funds (short, intermediate, long) will slowly self-destruct since you cannot continue to sell at the short end at a loss and buy at the long end at higher prices. The buy high and sell low model cannot run forever.
I just saw (last 30 mins) two new issue 1yr CD's pop up at Schwab for 5.4 and 5.5%.
Just saw that too... "Bank of Hope" And it's located in California... But at least it's in LA and not San Jose.
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.
Have we seen the peak in rates for the long end?