Income from highways and bridges.
At Durig Capital, we have developed a process to screen, review, select, purchase and monitor high yielding corporate bonds. Each week we screen thousands of corporate bond listings to find what we believe to currently be the best corporate bond for investors needing or seeking higher yields with the least amount of risk as possible relative to its projected return. The following is our review process, along with supporting documents, showing why we believe this remarkable 10% bond with a longer 7 year maturity Tutor Perini passes the criteria for our clients.
Step 1 – Assessing the Yield Curve
There is enough confidence returning to the market this week that we have observed the price of many higher yielding bonds starting to strengthen, resulting in declining yields.
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Bond, Year Bond
POUND
The Pound was trading in tight ranges against its main counterparts this morning after receiving a boost from better than expected retail sales data yesterday before returning to corrected levels during the trading day. Concerns over the upcoming E.U summit with many E.U policymakers remaining downbeat on its prospects to resolve the debt crisis have supported the Pound against the Euro this morning whilst weighing on its position against the U.S Dollar. “If we get disappointment from the EU summit this weekend, equity markets will trade weakly and Cable will go down, while euro/sterling could also go down,” said Paul Robson, currency strategist at RBS.
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Anglo Irish Bank has been renamed Irish Bank Resolution Corporation (IBRC) and will now trade as IBRC.
In the same stroke, Anglo Irish Mortgage Bank becomes IBRC Mortgage Bank and Anglo Irish Assurance Company, IBRC Assurance Company.
The changes acknowledge the bank’s merger with Irish Nationwide Building Society (INBS) in July but more importantly consign two “infamous” names to history.
IBRC chief executive officer, Mike Aynsley, explains: “The cost to the Irish taxpayer caused by the disastrous lending practices and poor stewardship of Anglo Irish Bank and INBS will not be forgotten or forgiven.”
He adds: “The new board and management of the bank will continue with focus and determination to recover as much money as possible for the state, as the organisation is fully wound down under the name IBRC”.
Anglo
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Anglo Irish, Ibrc
With the recent news that in the near future most banks will be adding a debit card fee to any account with a debit card, you might be looking for a way to avoid those new fees. One way you may avoid fees is to use the prepaid card from Western Union. This card will allow you to avoid the new fees attached with debit cards, and other fees as well.
One of the greatest benefits of the Western Union Prepaid card is that the fees for this card are very minimal. There are no overdraft fees, or fees for late payments. There are no monthly maintenance fees and you won’t be charged a fee for a purchase transaction. Other prepaid cards, like the Mango debit card, charges you a monthly fee, as well as fee for checking your account balance through their customer service. The Western Union Prepaid card doesn’t have those fees. You can check your balance through an automated customer service or with live customer service without being charged. Fees that will apply to this account are for checking your balance at an ATM and withdrawing money from an ATM. Plus, you will be charged a fee if your card is inactive for over one year and for loading money onto your card through an agent location.
Another great thing about the Western Union Prepaid card is you are in total control of how much money you can spend. You can track your balance online, but ultimately you can only use as much money as you have loaded onto the card. Loading money onto your prepaid card is easy and can be done in four different ways. You can take cash to an agent location, but remember you will be charged a fee, have your payroll check directly deposited onto the card, through a Western Union money transfer, or transfer money from your bank. Each of these ways makes it easy to add money to the card, but allows you to only add as much as you feel you can manage.
The prepaid card through Western Union is offered through MasterCard, which means this card is accepted wherever debit and MasterCard are accepted. Plus, if your card is lost or stolen, you can relax knowing that your money is protected through the Zero Liability policy issued through MasterCard. You won’t be charged for the unauthorized purchases as long as you contact the card issuer immediately. You will be charged to replace the lost or stolen card.
With banks adding fees to debit cards to make some extra money, the Western Union Prepaid card is a fee free way to still have a debit card. Applying for this card is easy and can be done online, through the Western Union official website. An added bonus of applying for this prepaid card is that activation of the card is also free. Don’t sit around and wait to be charged for simply using your debit card, apply for the Western Union Prepaid card now and take advantage of this low fee card.
Don’t forget to save your money and put it in a money market account? Are you getting the best interest rates on your savings?
Card
It is a great pleasure to be speaking here in Vancouver at the annual National Insurance Conference of Canada. Few industries know more about the personal, economic and financial impacts of disasters—or “extreme events” as insurance experts like to call them. And few know more about risk management.
Today I want to talk about both topics—an extreme event and private and public risk management in its wake.
This morning you discussed earthquake insurance. Earthquakes, like other natural disasters—tsunamis, hurricanes and ice storms come to mind—are entirely exogenous, extreme events—acts of God, if you will. They are not
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Economic, Economic Landscape
The Twist pushes CD interest rates lower. After the Federal Reserve announcement on Thursday when the Fed discussed the Twist, short term and long term bank CD rates moved lower. The Twist is term given to the FOMC program where the Fed sells short term bonds and buys long term bonds in an effort to push long term rates even lower than they already are in an effort to spur lending and investment.
The Twist announcement was made on September 22nd and by the close of the next day, the best CD interest rates available nationally as measured by the Selectcdrates.com CD rate index had fallen by more than three basis points to an average rate of 1.211 percent. One basis point is equal to 1/100th of a percent.
While the twist program is designed to impact long term rates, both short term and long term CD rates moved lower. The best three month CD rates available nationally were squeezed by a little more than two basis points, closing the week with an average rate of 0.547 percent. The best three month CD rate is a real stand out coming from Hudson City Savings Bank which still offers a three month CD with an interest rate of 0.75 percent. The next best rate falls 15 basis points back at 0.60 percent. Virtual Savings Bank’s CD and One West Bank’s CD both come with a 0.60 percent yield.
The top ten best six month CD rates lost an almost equal amount of yield, falling just over two basis points. The average rate for the best six month CD rates came in at 0.902 percent after dipping to 0.927 percent in the prior week. The highest six month CD rate is held in a three way tie. Giant Bank, Aurora Bank and Ascencia Bank all share the top spot with six month CD rate of 1.00 percent.
One year CD rates gave up under two basis points over the week. The average rate for the best one year CD rates was down by 1.7 basis points bringing the yield to 1.141 percent. The best rates available in the two year term category are available at Sallie Mae Bank and CNBBank Direct which offer one year CD rates at 1.20 percent, unchanged from the prior week. The next best one year yields are available at AloStar Bank and Doral Bank with two year certificates yielding 1.15 percent.
The best two year CD rates followed the other rates and were cut back by a little less than two basis points. The average yields on the highest two year CDs came down to 1.337 percent from 1.355 percent in the previous week. The top two year yield comes from CNBBank Direct at 1.50 percent. With the loss of Flagstar’s two year CD rate this week, the second best two year yield comes from three banks offering two year rates at 1.35 percent. Aurora Bank, Giant Bank and Ultima Bank all market a two year CD that comes with an interest rate at 1.35 percent.
The long term, five year CDs, were crushed this week. The average rate on the top ten best five year CD rates was driven lower by 7.7 basis points week over week. The average yield on the top five year bank CDs ended the week at 2.126 percent. The highest five year CD rate is now available at AmTrust Direct which promotes a five year rate at 2.25 percent. Following AmTrust is the CD from First Internet Bank which delivers a five year rate at 2.20 percent.
Cd Interest, Cd Interest Rates, Interest Rates, Rates