BDizzleNizzle OP t1_iui0k81 wrote on October 31, 2022 at 2:14 PM

Reply to comment by Werewolfdad in Brokered CD questions by BDizzleNizzle

Thanks!

BDizzleNizzle OP t1_iui0j6c wrote on October 31, 2022 at 2:14 PM

Reply to comment by Ruminant in Brokered CD questions by BDizzleNizzle

Thanks!

BDizzleNizzle OP t1_iuhphez wrote on October 31, 2022 at 12:46 PM

Reply to comment by Werewolfdad in Brokered CD questions by BDizzleNizzle

>Yes and no. Brokered CDs are essentially bonds. As rates rise, the value of the bond will decline but as maturity approaches, the value will approach the face value of the bond

Oh, it's related to interest rates, not the number of remaining months left. So it's showing as down because it's a 3% rate but rates are higher so it's worth less in resale value?