Deposit Funding Compass Week of December 20, 2023

Rates are down considerably week over week and at their lowest levels since mid-summer.  CD issuance had a moderate uptick late last week/early this week but with limited days remaining in the month and two holidays to account for it looks prudent to begin focusing on 2024 business. Please see our current funding opportunities the New Year. If you would like to be speculative and try even more aggressive levels we would be willing to lower these and see what is possible.

Additional Resources

Deposit Funding Compass Week of February 29, 2024

The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment. GDP rose at a revised 3.2% annualized pace in the fourth quarter, compared with a prior estimate of 3.3%. Consumer spending advanced at a 3% rate. Inflation was revised higher. The Federal Reserve’s…
Read More...

CU Funding Compass Week of February 29, 2024

The US economy expanded at a slightly slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment. GDP rose at a revised 3.2% annualized pace in the fourth quarter, compared with a prior estimate of 3.3%. Consumer spending advanced at a 3% rate. Inflation was revised higher. The Federal Reserve’s…
Read More...

Deposit Funding Compass Week of February 22, 2024

The Treasury options market is sending bearish signals and bond traders are bracing for the risk of a renewed selloff, driving a surge of trading targeting higher yields and prompting investors to unwind long positions by the most in nearly two years. The trend gained momentum this week, when there was strong demand for contracts…
Read More...

CU Funding Compass Week of February 22, 2024

The Treasury options market is sending bearish signals and bond traders are bracing for the risk of a renewed selloff, driving a surge of trading targeting higher yields and prompting investors to unwind long positions by the most in nearly two years. The trend gained momentum this week, when there was strong demand for contracts…
Read More...

Deposit Funding Compass Week of February 14, 2024

US consumer prices jumped at the start of the year, tempering hopes for a continued drop in inflation and likely delaying any Federal Reserve interest-rate cuts. The core consumer price index, which excludes food and energy costs, increased 0.4% from December, more than expected and the most in eight months. Treasury yields jumped (5yr T’s…
Read More...

CU Funding Compass Week of February 14, 2024

US consumer prices jumped at the start of the year, tempering hopes for a continued drop in inflation and likely delaying any Federal Reserve interest-rate cuts. The core consumer price index, which excludes food and energy costs, increased 0.4% from December, more than expected and the most in eight months. Treasury yields jumped (5yr T’s…
Read More...

Deposit Funding Compass Week of February 7, 2024

Bonds prices fell this morning before a record $42 billion sale of 10-year Treasuries, with investors also awaiting a handful of Federal Reserve speakers for clues on the interest-rate path. US policymakers have left interest rates unchanged since July and have signaled the central bank’s next move is likely a cut. Several officials, including Chair…
Read More...

CU Funding Compass Week of February 7, 2024

Bonds prices fell this morning before a record $42 billion sale of 10-year Treasuries, with investors also awaiting a handful of Federal Reserve speakers for clues on the interest-rate path. US policymakers have left interest rates unchanged since July and have signaled the central bank’s next move is likely a cut. Several officials, including Chair…
Read More...

Deposit Funding Compass Week of February 1, 2024

In a press conference Wednesday following the Fed’s announcement that they will leave rates unchanged chairman Powell signaled that by the time the Fed meets again in March he expects a rate cut to be on the table. The Fed’s policy statement released earlier Wednesday included several tweaks that suggested the central bank was taking…
Read More...

Deposit Funding Compass Week of January 24, 2024

Federal Reserve Bank of San Francisco President Mary Daly said it’s “premature” to think interest-rate cuts are around the corner, noting she needs to see more evidence that inflation is on a consistent trajectory back to 2% before easing policy.  The FOMC is anticipated to leave its benchmark interest rate unchanged for a fourth straight meeting on Jan.…
Read More...