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Build America Bonds, the taxable muni bonds subsidized by the Treasury have helped to stabilize the municipal bond market. They may also be bringing more transparency to the municipal bond market.
Read →Fed funds futures showed a 58% chance of a rate increase by November but many bond traders don't believe the Fed will raise rates over the next 12 months. Who to believe?
Read →The US Savings Rate increased to 5.7% of disposable income in April 2009 and economists expect it to go to a post WWII high. That means less demand for goods and services, less growth, and lower stock prices.
Read →Last week, President Obama signed a law that includes provisions that extend the $250,000 FDIC & NCUA deposit insurance limit to December 31, 2013.
Read →A quick glance at the CD rates offered by the big banks - Chase, Wells Fargo, and Bank of America, shows that the banks offer some terms that are competitive while others are not worth it.
Read →At a time when credit card companies are jacking rates and rolling back benefits, Chase has decided to launch a new credit card rewards program dubbed Ultimate Rewards. Is it any good?
Read →Tennessee Commerce Bank is offering a competitive savings account paying 2.30% APY. It's also offering a some top cd rates.
Read →Promotional savings rates - especially those where the bank commits to locking a certain rate for a certain period - are a win-win.
Read →Everbank raised the promo rate on its yield pledge money market account from 2.55% to 3.01%. This reverses the trend of six months of rate cuts and may be another sign that we are reaching the bottom in savings and money market rates.
Read →Tiananmen Square was a big event, but it didn't change the world.
Read →Today was a very exciting day across all markets globally as the 200 day moving average was breached to the upside.
Read →Cash has quickly converted from the best asset class to the worst in 10 short weeks. Is it trash?
Read →GM's bankruptcy is being met with a huge cheer. Doesn't make too much sense.
Read →Last week, the American Bankers Association sent a letter to Sheila Bair, the Chairwoman of the FDIC complaining about the high rates offered by Ally Bank (formerly GMAC). Today, Ally Bank sent its rebuttal.
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