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| Members
United Corporate FCU Rates |
July 2, 2009 |
| Overnight
Accounts |
| 0 - $1 MM |
0.09% |
| $1
- $5 MM |
0.10% |
| $5 - $10
MM |
0.21% |
| $10
- $40 MM |
0.25% |
| $40+ MM |
0.27% |
Corporate
Certificates |
| 6
Months |
0.55% |
| 1
Year |
0.78% |
| 1.5
Year |
1.11% |
| 2
Year |
1.41% |
SimpliCD |
| 6 Months
|
0.92% |
| 1Year
|
1.36% |
| 1.5 Year
|
1.56% |
| 2 Year |
2.27% |
| Loans |
| Demand |
2.50% |
| 1
Month |
2.81% |
| 6
Month |
2.98% |
| 1
Year |
please call |
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Market
Commentary |
Wednesday's interest rate move was markedly different in the front end of the curve, relative to the long end. In Treasuries, twos and threes rallied 5.5-6.0 basis points. However, 10s and 30s sold off by 1.0-2.0 basis points. Similarly, swap spreads widened one basis point in twos through fives, but tightened one basis point in 10s and 30s. Mortgage outperformance led to the compression of swap spreads in the long end. Fed speak continues to bear out our view that front-end rates will stay lower for longer than is priced in.
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read
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To our Clients: |
As reported in our previous letters, 2009 results continue to be strong for Balance Sheet Solutions. We certainly appreciate your continued support, which has led us to our record growth.
While many economists are indicating that the end of the recession is now in sight, the light at the end of the tunnel remains relatively dim. In order to help credit unions move forward despite difficulties, we continue to identify segments of the markets that have value. Readers and followers of our Weekly Relative Value publication have benefited from the insightful writings of Tom Slefinger, our Senior Director of Trading, as he highlights his favored market sectors. |
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| Market Rates |
Rates Updated Regularly
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Connecting Credit Unions with
Brokered CDs
Program Update - SimpliCD |
| We invite you to read our newsletter summarizing key benefits of the SimpliCD program and sharing good news. |
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