As a bunch of treasuries and CDs mature on Friday one has to consider whether they should all be rolled over into new CDs. On the other hand I have little dry powder and want some available for ‘bargain hunting’. It seems to me that we could see some CDs near the 6% level in a couple months–that is a firm maybe of course.
Today I see this on Fido for short term CDs. Of course various terms are available (callable versus non callable)
Over on eTrade I see this rates available. Of course various terms are available (callable versus non callable)
I am fairly certain I will take maybe 50% of my proceeds on Friday and go right back into new CDs–with the other 50% being held–at least for the time being, for potential preferreds or baby bond ‘bargains’.
Can the rates go higher–yes if the Fed follows through on their rate hike threats rates will go higher–6% certainly is in the realm of possibilities and decisions can be made later on on purchases at these levels as my ‘ladder’ of maturities will provide funds.