From a page I have from the March 3, 1985 Sunday New York Times I see the following two ads:
1)
"Is your IRA Earning
15.03% effective yield / 14.08% current yield
Bull & Bear High Yield Fund
2)
New York Residents
Insured / AAA Rated / Triple Tax-Free
9.1% Tax Free
New York Insured Municipals Income Trust
Rates! (in 1985)
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- vnatale
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Rates! (in 1985)
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
- vnatale
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Re: Rates!
That is after they'd come down considerably after the much higher rates of the early 80s.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: Rates!
With our current environment of low rates and high inflation I do wonder how the next 10 years in the markets are going to play out.
It doesn't seem to me that the U.S. Government today has the same degree of fiscal headroom it did back then to raise rates on its debt.
MB
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- vnatale
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Re: Rates!
From a December 1984 "Small Business Report":
LOCK UP HIGH RATES WITH BONDS
Brightening prospects for lower interest rates for the future make investments in bonds a good way to lock in current yields that average about 13% on AAA corporates, 12% on government issues, and 10% on tax-free municipals.
LOCK UP HIGH RATES WITH BONDS
Brightening prospects for lower interest rates for the future make investments in bonds a good way to lock in current yields that average about 13% on AAA corporates, 12% on government issues, and 10% on tax-free municipals.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
- vnatale
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Re: Rates! (in 1985)
From the Sunday November 24, 1985 New York Times ... In a box entitle: "CONSUMER RATES"
Passbook Savings (At savings institutions) 5.50%
Tax-Exempt Bonds 8.37%
Money Market Funds 7.52%
Bank Money Market Accounts 6.88%
Home Mortgage 12.61%
Unsecured Personal Loans (Minimum faxed rate, 3-year maturity)
Chase Manhattan, New York 16.75%
Continental Illinois, Chicago 17.00%
Bank of America, San Francisco 19.50%
Passbook Savings (At savings institutions) 5.50%
Tax-Exempt Bonds 8.37%
Money Market Funds 7.52%
Bank Money Market Accounts 6.88%
Home Mortgage 12.61%
Unsecured Personal Loans (Minimum faxed rate, 3-year maturity)
Chase Manhattan, New York 16.75%
Continental Illinois, Chicago 17.00%
Bank of America, San Francisco 19.50%
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."