Freddie Mac Halts Use of Derivatives Tied to High Interest Rates
With the inverse floaters, Freddie Mac was retaining tranches linked to the relatively high interest payments on the mortgages in the pool, and stood to lose if those mortgages were refinanced at lower rates. Treasury Department spokesman Anthony Coley …
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Trying to read between the lines of the Fed rate message
The Fed surprised markets last Wednesday when it extended its previous forecast for keeping its key interest rate "exceptionally low" until at least late 2014, more than a year longer than its previous guidance. Ninety minutes later, the US central …
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Tips for coping in a low interest rate environment
The Fed will keep interest rates near zero through 2014. Frustrated by the paltry returns you're getting from your savings account? Last week, the Federal Reserve said it will keep interest rates low through 2014. As it is, rates on deposits are at …
Read more on New York Daily News
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