Investment Watch
- Share via
The recent surge in long-term bond yields caused by the stronger-than-expected economy is pleasing at least one investor constituency: savers with money in the bank. Bradshaw Financial Network, which surveys CD yields, says the average one-year CD yield at Southland banks and savings and loans inched up to 5%.
Yields had been slowly edging down this year in tandem with the Federal Reserve Board’s cuts in its official short-term interest rates. Now, even though the Fed isn’t likely to raise short rates soon, banks appear to be taking a cue from bond yields. “The downward spiral in CD yields has been broken,” Martin Bradshaw of Bradshaw Financial says.”
CD survey, D2.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
