Federal Reserve Chairman Ben Bernanke warned us repeatedly that he would repress interest rates indefinitely in order to help the economy and the housing market. Interest rates on government treasury securities have reached all time lows and bank depositors are receiving close to a zero return on their savings. Meanwhile, both housing and the economy […]
Five Year Treasury Notes Zoom Ahead Of Bank CD Rates
February 8, 2011 By Leave a Comment
Longer term CD rates have been gradually climbing since last December as the long end of the yield curve has moved up. Abused savers, who have seen yields plunge to microscopic levels due to the Federal Reserve’s zero interest rate policy (ZIRP) are justifiably hoping to see an increase in interest income from savings. The […]