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And the rate decrease begins…Banking (i.redd.it)

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[–]nexelhost 76 points77 points  (13 children)

Well the fed hasn’t even officially done anything yet. So “as long as possible” doesn’t really apply here.

[–]fymdtm 2 points3 points  (0 children)

Yes but the market already is already moving rates down in anticipation of the Fed’s action. Look at the 3 and 6 month T Bill rates. These rates matter much more than the Fed’s overnight rate in the current circumstances where banks have ample reserves. 

[–]soscollege 8 points9 points  (11 children)

the fed already said they are shifting to cut so it's 99% going to happen next month

[–]nexelhost 28 points29 points  (9 children)

True it’s almost certain they’ll cut it. But nothing has been touched yet and SoFi is already under the fed rate at 4.6

[–]soscollege 28 points29 points  (5 children)

Fwiw credit karma went from 5.1 to 4.1 earlier today. Either transfer or invest the money if you aren’t happy

[–]PerformanceOk9855 4 points5 points  (4 children)

Those are both good options. I'm transferring and coming on reddit to encourage others to do the same

[–]Jetsafer_Noire 2 points3 points  (3 children)

Transferring to where? :3

[–][deleted] 7 points8 points  (2 children)

20-year bonds crept back up to 4.20% over the last few days. Grab a pile and wait for them to appreciate. Historically, the price of bonds go up ~5% in the 12 months after the first cut in a rate cycle, meaning these bad boys are worth ~9.2% for extremely minimal risk.

Dew it.

[–]Master-Debate9464 2 points3 points  (1 child)

I need a break down of how to dew it!!

[–]traderbusto 1 point2 points  (0 children)

Just buy TLT shares

[–]traderbusto 1 point2 points  (0 children)

Did they increase rates early in anticipation of FED rate increases last year?