Savers Need To Get Paid Again

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Revealed: The Hidden Message in the Horrible 30 Year Treasury Bond Auction​

Nov 10, 2023


10:33

Thursday's 30 Year Treasury Bond Auction was horrible by all measures. The higher interest rate and lack of foreign buyers may signal that long term Treasury Bond interest rates have a lot higher to go.
The bond priced at a high yield of 4.769%, which was below last month's 4.837%, and just shy of the April 2010 high. But more importantly, it tailed the When Issued by a whopping 5.3bps, which was the biggest tail on record (going back to 2016).
What affect will higher interest rates have on the stock market and housing market?
 

How To Buy Tax-Free Municipal Bonds On Schwab (Step-By-Step)​

Nov 10, 2023


16:06

Rates are up on municipal bonds! 7.16% was what the latest long-dated new issue bonds from the Triborough Bridge & Tunnel Authority went out at last month (the earliest call date is in about 10 years). Watch on as I walk you through how to buy municipal bonds on Schwab (step-by-step) in today's municipal bond investing video!
 

How Do U.S. Treasury Auctions Actually Work? (Explained Simply)​

Nov 13, 2023


16:36

How do U.S. Treasury Bill and Bond auctions actually work? If you are a noncompetitive bidder, do you get the same interest rate as competitive bidders? How do you know what interest rate you will get before the auction starts?I go over how the Dutch auction method used by the U.S. Treasury actually works. I also explain some of the bond jargon used like: when issued, snap, bid to cover, stop , tail, stop through, and on the screws.
 

Money Market Funds, Large CDs, Small CDs All Surged: Americans Figured it Out​

Money market funds have been paying over 5% since about April 2023, up from near 0% in April 2022, and Americans are liking it. A lot. And that has forced banks to compete for deposits by offering attractive interest rates on CDs. And Americans have flocked to those too.

Money market funds for retail investors rose by 0.6% in the latest reporting week from the prior week, by 2.5% over the past four weeks, and by 8.9% over the past three months, to $2.24 trillion, ICI (Investment Company Institute) reported on November 22. This includes funds that invest in government instruments, such as T-bills; funds that invest in tax-exempt securities; and prime funds that invest in non-Treasury assets.

More:

 
Just a little bump. As with anything I post, take it fwiw and dyodd.

Best Bank CD & Treasury Rates of 2023 | Up to 6.50% APY!​

Dec 15, 2023

Treasury Bills and Bank CD's are incredible fixed income assets to boost your savings! In this video, we'll discuss some of the highest yields to help you secure an amazing rate going into 2024. I'll also share my thoughts on credit unions and bond ETFs and how lucrative some can be!


11:04

🕒 TIMESTAMPS:
0:00 Introduction
0:24 About Treasury Bills
0:52 1 - 6 Months
3:03 6 - 12 Months
4:06 1 Year CDs
5:31 Credit Unions
7:53 What I'm Doing
 
Historically, has an interest-bearing savings account ever carried a rate greater than the actual rate of inflation? Have "savers" ever really been paid?
 

Think your bank's interest rates are bad? Just take a look at Japan​

  • Three major Japanese banks have hiked interest rates in recent weeks to 0.2% from 0.002%.
  • Japan's central bank has adopted a negative interest rate policy since 2016.
  • But the market is expecting the BOJ to exit its negative-rate policy next spring.
Major banks in Japan have started raising interest rates on time deposits for savers — to the tune of 0.2%, Bloomberg reported on Thursday.

More:

 
pmbug said:
I found this site/chart on the issue (but I have not done any due diligence to check how the underlying data was compiled):

View attachment 11321

www.in2013dollars.com

Savings Account Interest Rates, Inflation-Adjusted | Finance Reference

View and download inflation-adjusted savings account interest rates from 2009 to now in graph, table, and CSV format.
www.in2013dollars.com www.in2013dollars.com
Click to expand...
The data used for these charts is the "average" rate of return according to the fdic90.JPG, yes 90 years of "service".

articleinflationrates.JPG

rates.JPG

These rates really do not reflect what is available like high yield money market, which are more realistically 4+% at numerous online banks that are part of FDIC insured banks. Not endorsing saving this way but leaving in low yield when you can transfer it fee free in less that 24 hours from a 10X yield account doesn't make sense but makes for good hyperbole articles.

highyield.JPG
 
Last edited:
Bump.

Really nothing to see, can listen in one tab, surf the forum in a different tab. As always.........dyodd.

Full Show: CD Rates Rock and Top 3 Supermarkets​

Feb 22, 2024

Are CDs still a great place to stash your cash? Clark has everything you need to know to make your money work for you. Also, there’s a new report showcasing the top supermarkets in America. Clark shares the best and the worst! Is your favorite grocery store on this list?

Plus, Christa shares your #AskClark questions and Clark gives his take. All this and more on the February 22, 2024, episode of The Clark Howard Show. 34 mins long.



00:00 - Intro
00:53 - CD Rates Rock
08:33 - Ask Clark - Sharing Bank Accounts Online
11:14 - Ask Clark - Home Depot Credit Card
15:42 - Ask Clark - Stud Finder
17:59 - Top 3 Supermarkets
25:08 - Ask Clark - Grocery Deals on Different Stores
27:25 - Ask Clark - International Phone Plans for Navy Officers
30:10 - Ask Clark - Using AI for Stock Trades

Mentioned on the show:
https://clark.com/personal-finance-cr...
https://clark.com/personal-finance-cr...
https://clark.com/credit-cards/store-...
https://clark.com/shopping-retail/bes...
https://clark.com/cell-phones/google-...

Channel: https://www.youtube.com/@Clark/videos
 
finance.yahoo.com

Fed Crushes Household Net Interest Income in Break From Past

(Bloomberg) -- When the Federal Reserve raises interest rates, US households — in aggregate — usually get a boost to interest income that outweighs the extra cost of servicing debt. Not this time. Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesPutin Warns...
finance.yahoo.com finance.yahoo.com
 
Checking interest rates @ local banks today. A lot under 1 % - really pathetic. Don't get why people would keep anything in these places?

Did get a 13-month cd @ 5.25 %.
 
There is also a teaser checking account rate of 4% on the first $2000 and then 1% on the balance after.
 
fat-birds-mary-poppins_a32e71f5.gif
 

Banks Starting to Face 'Revolt' From Customers: Finance Expert​

Amid a wave of rising interest rates, a "revolt" is brewing among bank customers, fueled by a growing acknowledgment that some financial institutions have not been proactive in advising them of more lucrative savings options.

Chris McMahon, the president and CEO of Aquinas Wealth Management, spotlighted customers' discontent on April 12, saying on Fox Business that entities such as Wells Fargo have seen a shift as customers migrate to higher-yield accounts, which has affected the banks' profits via its net interest income.

The shift in consumer behavior comes as banks face scrutiny for not automatically updating customer accounts to more beneficial high-yield savings options, particularly in an economic climate where the Federal Reserve's rate hikes could mean more substantial returns for savers.

"There's a little bit of a revolt going on for the customer side," McMahon said on Fox Business. "Wells [Fargo] said it was a problem for them. Customers are switching to higher-yield accounts."

The movement, driven by a better-informed public and discussed openly by financial experts, is beginning to affect traditional banking revenue streams.

More:

 
searcher said:
Checking interest rates @ local banks today. A lot under 1 % - really pathetic. Don't get why people would keep anything in these places?

Did get a 13-month cd @ 5.25 %.
Click to expand...
I suspect a lot of banks are just working as fronts for the Fed - money-laundering; taking Fed short-term member loans, plowing them into the various indexed stocks, and then selling higher a day or week later.

Lather, rinse, repeat. It used to be called "churning" - now it's apparently called "business as usual."
 

How To Buy Corporate Bonds On Fidelity | Bond Investing For Beginners​

Apr 21, 2024

7.5% investment-grade corporate bonds from Prospect Capital Corporation & how you can buy them (step-by-step) on Fidelity - that's what we'll be talking about in today's video!


13:09
 
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