Short term treasuries yields has their single biggest 1-day move in 19 years on August 20 with 3 month Treasuries falling under 3%. The yield curve has now steepened dramatically. While savings accounts and short term CDs are still offered well above 5%, cash and cash equivalent securities may soon become less attractive.
« Fed Cuts Discount Rate by 50 Bps | Main | Savings Rates and CD Rates Fall Sharply »
August 21, 2007
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