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Rates on Certificate of Deposits ended their winning streak of the last three weeks with 3 year CD rates declining 1 basis point and 5 year CD rates declining 5 basis points. That's the largest drop we've seen in the 5-year CD rates since August. The 1-year rate rose 1 basis point. Let's hope this is a just a one-week decline and that next week rates will move up again.
Read →The NY Times had an interesting article that analyzed the performance of bonds versus stocks over the last 10 years and over other extended periods of time.
Read →Average 30-Year Mortgage Rate Rises Above 5%
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.00 percent with an average 0.7 point for the week ending October 22, 2009, up from last week when it averaged 4.92 percent. Last year at this time, the 30-year FRM averaged 6.04 percent. So mortgage interest rates are almost 100 basis points below what they were last year.
Read →Digging just a little bit deeper on the subject of bonds.
Read →By looking at the CPI-U from March to September 2009, we can now determine that Series I bonds will have a variable component from November 1, 2009 through April 30, 2010 of 3.07%.
Read →The Municipal Bond market is heating up with $11.3 billion in new issuance planned for the week. This comes on the heals of a correction in the municipal bond market that saw rates rise from near record lows and inversely, bond prices fall.
Read →Apple's to an all time high was more than predictable, it was obvious.
Read →CBS's 60 Minutes' H1N1 report last night was very well done, and conveyed the proper message that everyone born after 1950 should have an H1N1 vaccine in addition to the regular flu vaccine this year. But, here is what I found inappropriate.
Read →Here is an idea for those of you desiring fixed icome but do not have enough capital to set up laddered bond portfolio. Preferred stock trade on the New York Stock Exchange along side their cousins,common stock.
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