Have Deposit Rates Hit Bottom?
There has emerged from COVID-19 and Oil prices a strong link between Treasury Bond Rates and Deposit Rates.
When will the bottom come in these rates?
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Bond and Deposit Rates Link to Provide Insight When to Change Prices
Lake Forest, IL (June 16, 2020) Now is the time for credit unions and community banks to take market share from the large banks. Deposit rate pricing is key now.
Moebs $ervices research on interest rates from over 3,000 banks, credit unions and thrifts provides vital insight into pricing deposits and bonds.
“The secret sauce is one of the strongest relationship in years between deposit marketplace rates backed by deposit insurance and the active CME market for U.S. Treasury Bonds,” asserts Michael Moebs, Economist & CEO of Moebs $ervices, an economic research firm.
“It’s a combination of factors,” notes Moebs. Big banks are overflowing with liquidity, so they care less about savers and small investors. Large banks have opened their cupboards to credit unions and community banks to ransack deposits. READ FULL ARTICLE
Written By: m.moebs
Date Posted: 6/16/2020
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