Treasuries, CD Rates, and Muni Auctions
The 2.9% headline CPI and 3.2% core CPI puts an end to FOMC rate cuts for now.
U.S. TREASURY AUCTIONS
U.S. Treasury has a full schedule of upcoming auctions. Investors can purchase treasuries at no cost using the TreasuryDirect.gov website or at most major brokerages including Vanguard, Fidelity, and Schwab.
BILLS
BONDS
Treasury Inflation-Protected Securities (TIPS)
The current 10-year TIPS yield is 2.21% (+ CPI).
MONEY MARKET & CD RATES
Below are some of the most attractive money market yields and CD rates available nationwide, sorted by maturities from three months to five years. Click here to see if a bank is FDIC-insured. You can click on the institution name in the list below to go directly to the bank’s website for more information regarding CD purchase minimums, etc. We always recommend individual CD purchases be limited to within the $250,000 FDIC insurance limit.
Money Market Funds:
Vanguard Municipal Money Market Fund 1.73% (tax-exempt)
CDs
3-months:
Mutual One Bank 4.70%
Total Bank 4.61%
Brilliant Bank 4.60%
6-months:
My eBanc 4.70% ($50k minimum)
Total Bank 4.61%
Mutual One Bank 4.59%
12-months:
Charles Schwab Bank 4.55%
My eBanc 4.55% ($50k minimum)
Total Bank 4.50%
18-months:
Charles Schwab Bank 4.40%
My eBanc 4.40% ($50k minimum)
Brilliant Bank 4.35% (15 months)
2-years:
Charles Schwab Bank 4.60%
My eBanc 4.25% ($50k minimum)
3-years:
Popular Direct 4.10%
My eBanc 3.98% ($50k minimum)
The Federal Savings Bank 3.95%
4-years:
Popular Direct 4.05%
TAB Bank 3.86%
5-years:
Popular Direct 4.10%
Synchrony Bank 4.00%
MUNICIPAL BOND AUCTIONS
Below is a list of some of the largest upcoming municipal bond offerings nationwide:
Source: EMMA, BondLink
CONSUMER PRICE INDEX (CPI) | DECEMBER 2024
The December CPI inflation report showed that core inflation increased 0.4% in December and is up 2.9% year over year. The core CPI, which excludes the volatile food and energy components, rose 0.2% in December and is up 3.2% year over year. These inflation figures are too high for the FOMC to lower the federal funds rate, in our view. We expect no policy change at the upcoming FOMC meeting on January 28th and 29th.
Headline CPI:
+0.4% seasonally adjusted in December, following +0.3% in November
+2.9% year-over-year
Core CPI: (excludes food and energy)
+0.2% seasonally adjusted in December, following +0.3% in November
+3.2% year-over-year
Median and 16% trimmed-mean CPI from Cleveland Fed:
Median +0.3% in December and +3.8% YoY
16% trimmed-mean +0.3% in December and +3.2% YoY