Unemployment is around 8.2% as some
states started to report improved employment numbers. Global investors are getting nervous as
they get a hint of how much money the US is going to need to fund the deficit. The 10 year
Treasury bond yields 2.037% as the Fed continues to hold rates down. That all being
said, cd rates remain
low.
May 7 (Bloomberg) -- Most U.S. stocks rose, led by banks, after billionaire investor Warren Buffett said American lenders are in “fine shape.” The euro slid for a sixth day and
commodities fell after French Socialist Francois Hollande was elected president and Greek voters picked
anti-bailout parties.
The Standard & Poor’s 500 Index (SPX) added less
than 0.1 percent to 1,369.58 at 4 p.m. in New York as six stocks gained for every five that fell on U.S.
exchanges. The euro lost 0.3 percent to $1.3051 as the shared currency extended its longest losing streak since
September. Ten-year French yields slipped three points to 2.80 percent and the CAC-40 Index of stocks rallied
1.7 percent. The S&P GSCI Index of commodities fell for a fourth day, declining 0.2 percent. Ten-year U.S.
Treasury yields were little changed at 1.88 percent.
Financial shares rose 0.7 percent as a group to lead gains among the 10 main industries in the S&P 500 after Buffett said U.S. lenders have “liquidity coming
out of their ears.” Speculation that European austerity measures will be curbed grew after Hollande’s victory
made him the first Socialist to take the helm of Europe’s second-biggest economy in 17 years. The Greek
parliament will have three new anti-bailout parties represented.
“Every time Buffett gives the seal of approval, it helps certain stocks or segments of stocks,” Bruce McCain,
who helps oversee more than $20 billion as chief investment strategist at the private-banking unit of KeyCorp in
Cleveland, said in a telephone interview. “As for Europe, we’ve priced in some of what’s
happened. Yet investors are not really quite sure of what to make of those trends.”
Higher
rates are available at some banks for Jumbo
CDs. Several banks are now offering penalty
free cd's (make sure to read the small print). Rates on longer term CD's could be attractive
if you are concerned about deflation. Now
might be an excellent time to create a CD Laddering structure for your
account.
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In the future this table will be
expanded to include many of the national banks and savings institutions with web banking facilities. Be aware that
the rates change daily and that there is no guarantee that the rates listed will be the same as those offered the
day you check. We will attempt to keep the table as up to date as possible.