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Author: Lokicious Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35392  
Subject: Re: 4.76% apy 1 yr CD -any catch?? Date: 11/11/2005 8:43 AM
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"Lokicious, thanks for the link, but it is for 5 year CD's. I am looking for a one year CD. The difference between 4.76 and 5 % does not seem worth tying up my money for 5 years. "

Sorry. Rushing through and missed the 1-year part.

Yes, longer interest rates have been going up, though a strong increase in 5-year Treasuries and TIPS fixed rates has not been reflected in a general rise in 5-year CD rates. Short term rates are more directly linked to what the Fed does.

We saw an increase in 10-year Treasuries up to 4.5% yields about 18 months ago (I didn't bother to check the dates), which was followed by a retreat, I beleive, to below 4%, before the more recent increases.

A lot of us decided, a few years ago, to go for shorter maturities on CDs because long term rates were so low. We regretted it, as rates stagnated or even got lower. At this point, with a bunch of stuff to rollover in 2-4 months, I'm hoping rates don't go down from where they are now.

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