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U.S. Investors Feed Yield Pangs With Annuities, Money Funds, Bank CDs

FYI: Investors who quit products with ultra-low yields are hungry again for certificates of deposit and money market funds as interest rates surge to levels unseen since 2011. The shift in gravity on interest rates represents a return to normalcy after nearly a decade of rock-bottom yields.

“Cash investors have been numb to yields,” said Pete Crane, president of money fund research firm Crane Data. “This money sensitivity to yields is slowly dawning.”
Regards,
Ted
https://www.reuters.com/article/usa-rates-investments/u-s-investors-feed-yield-pangs-with-annuities-money-funds-bank-cds-idUSL2N1WK1KR
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