Drop in 2-5 yr GICS on Dec 28 | Motive Financial | Discussion forum

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Drop in 2-5 yr GICS on Dec 28
December 28, 2022
12:34 pm
frugal lady
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Non-Redeemable Motive™ GICs5,7 (Rates effective 2022-12-28) Rates
12 Month Term 5.05%
24 Month Term 5.05%
36 Month Term 4.85%
48 Month Term 4.70%
60 Month Term 4.65%

Seems to be the trend lately in December amongst many FI's to lower rates on 2-5 year GICs

December 28, 2022
8:34 pm
COIN
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frugal lady said
Non-Redeemable Motive™ GICs5,7 (Rates effective 2022-12-28) Rates
12 Month Term 5.05%
24 Month Term 5.05%
36 Month Term 4.85%
48 Month Term 4.70%
60 Month Term 4.65%

Seems to be the trend lately in December amongst many FI's to lower rates on 2-5 year GICs  

Inverted yield curve. Institutions don't want to go long.

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