Wednesday, November 24, 2021 |
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MANAGING DIRECTOR: Scott Carrithers PORTFOLIO SALES AND SERVICE: George Morris • Chris Thompson • Sean Doherty • Kevin Doyle • Mark Tranckino Jeff Goble • Nicole Burczyk • Natalie Regan • Aaron Stoffer • David Farris • Lonnie Harris Brian Schaff • Josh Kiefer • Robert Schuyler • Tom Toburen • Aaron Hemphill • Jared Willhoft |
| US Treasury Market | |||||||||||
| Date | 1 mo | 3 mo | 6 mo | 1 yr | 2 yr | 3 yr | 5 yr | 7 yr | 10 yr | 20 yr | 30 yr |
| 11/17/21 | 0.06 | 0.05 | 0.06 | 0.18 | 0.52 | 0.85 | 1.24 | 1.49 | 1.60 | 2.04 | 2.00 |
| 11/18/21 | 0.12 | 0.05 | 0.06 | 0.18 | 0.52 | 0.84 | 1.22 | 1.47 | 1.59 | 2.01 | 1.97 |
| 11/19/21 | 0.11 | 0.05 | 0.06 | 0.18 | 0.52 | 0.86 | 1.22 | 1.45 | 1.54 | 1.95 | 1.91 |
| 11/22/21 | 0.07 | 0.05 | 0.07 | 0.20 | 0.63 | 0.95 | 1.33 | 1.55 | 1.63 | 2.03 | 1.98 |
| 11/23/21 | 0.06 | 0.06 | 0.07 | 0.21 | 0.60 | 0.95 | 1.33 | 1.58 | 1.67 | 2.08 | 2.02 |
Funds are Still Cheap (for Now)
As rates continue to rise off the lows, I believe it’s important to view the current environment with some perspective. Banks have gotten used to mediocre economic conditions resulting in slim margins, compressed investment yields and lots of liquidity. Of course, these circumstances aren’t going to last forever and the trend may be changing in front of us right now. Considering the cyclical nature of rates, now could be a good time to lock in cheap funds while they’re still available.
Our balanCD program allows for a great deal of flexibility to fit your bank’s needs, including:
As rates continue to rise off the lows, I believe it’s important to view the current environment with some perspective. Banks have gotten used to mediocre economic conditions resulting in slim margins, compressed investment yields and lots of liquidity. Of course, these circumstances aren’t going to last forever and the trend may be changing in front of us right now. Considering the cyclical nature of rates, now could be a good time to lock in cheap funds while they’re still available.
Our balanCD program allows for a great deal of flexibility to fit your bank’s needs, including:
- Maturities of 1 month – 30 years
- Denominations of $1 million - $250 million
- Callable and bullet structures
A jump in rates is a welcome sight for bankers and potentially a signal of the direction we’re heading. Take a moment to reflect of the long term implications for the bank and as always, contact your CCB representative to discuss what options may be right for you.
Indicative CD Pricing as of 11/22/2021
This information is intended for institutional investors only. The material provided in this document/presentation is for informational purposes only and is intended solely for private use. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instruments.
•Not FDIC Insured •No Bank Guarantee •May Lose Value