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Interest rates have been low since 2008. Money markets were popular before then but we’re paying tony amounts for years. Same goes for bank cds. This is one rea
by quags 4y ago
Interest rates have been low since 2008. Money markets were popular before then but we’re paying tony amounts for years. Same goes for bank cds. This is one reason for such a bill market run in stocks with money chasing yield going into stocks. A money market at near zero vs Verizon paying 4% was seen as a better deal. Only in the last year has cds and money markets come back into favor and there is a large move into them.