Brokered CDs are unchanged. There is no bid for longer maturities. Cash stays in the sweep until a rate and a bank list are published.
An unchanged CD curve is not an argument to buy maturity, and not an argument to avoid it. It says nobody is paying for the longer end today.
Funding on the account stays on paper until clearing and the bank are set. Do not send money on the back of this note.
What the desk is watching
- CDs unchanged
- No bid for longer maturity
- Cash stays in the sweep