CDs have long been the bedrock of credit union investment portfolios, particularly for small and medium-sized institution.
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Rates have remained mostly range bound as risk-on assets have approached record highs over the last week...
Both Treasury yields and equity markets edged lower during the week, as the exuberance over positive vaccine news turned to concern over the impact the current surge in infections will have on the economy...
Interest rate markets were volatile during this holiday-shortened post-election week, with the long end of the curve adding as much as 15 bps before giving back some of those gains...
Treasury yields ended the marginally lower as the week's election results seem likely to result in a smaller level of federal stimulus than was previously anticipated...
Longer dated yields declined slightly this week as all eyes are focused on the upcoming presidential election and the fading prospects for fiscal stimulus in the near term..
The yield curve steepened heading into the Columbus Day long weekend as longer-dated Treasuries added up to six bps in yield...
Yields ended the week only slightly changed while U.S. equities slid Friday morning after President Trump's announcement that he and the first lady both tested positive for Covid...
Longer-dated yields continued to grind lower this week as US equity markets fell back to year-end 2019 levels....
Bond yields were only slightly changed this week with shorter-dated issues declining slightly while longer-term issues (5+ years) added a couple bps...