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Tim McLaughlin
reuters.com
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- U.S. investors feed yield pangs with annuities, money funds, bank CDs5 Oct 2018—reuters.comBOSTON, Oct 5 (Reuters) - The yield starvation diet for American investors is over. Investors who quit products with ultra-low yields are hungry again for certificates of deposit and money market funds as interest rates surge to levels unseen since 2011. The shift in gravity on interest rates represents a return to normalcy after nearly a decade of rock-bottom yields. “Cash investors have been numb to yields,” said Pete Crane, president of money fund research firm Crane Data. “This money...
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