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Bank woes keep CD rates down
(MONEY Magazine) – The Mideast crisis and inflation fears may have pushed up interest rates, but CD investors wouldn't know it. Since Iraq's Aug. 2 invasion of Kuwait, rates on one- and five-year Treasuries have risen 0.12% and 0.46%, respectively, as the graph above shows. Meanwhile, since June, financially hard-pressed banks have been cutting CD yields. CHART: NOT AVAILABLE |
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