The Fed cut the discount rate by 50 basis points after markets reeled yesterday and treasury yields fell dramatically. In spite of the fall in treasuries, Countrywide increased its offering on 3-month, 6-month and 1-year CDs above those offered by its competitors. E-Loan now has the most compelling 2-year and 3-year CD rates. Countrywide rates are now just below the Fed discount rate.
« Indymac Rates up on CDs and Money Markets | Main | Short term Treasuries Yields Drop Dramatically As Investors Rush to Safety »
August 17, 2007
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