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Support Grows For Scale Back Of Open-Ended Purchases Of Mortgage-Backed Securities amp;; Longer-Term Treasuries

^{Published on 2013-04-16 10:45:25 - Market Wire}
 

Support Grows For Scale Back Of Open-Ended Purchases Of Mortgage-Backed Securities &... -- NEW YORK, April 16, 2013 /PRNewswire/ --

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NEW YORK, April 16, 2013 /PRNewswire/ -- [ RateWatch ], a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: [ TST ]) reported today that while the average 4-year CD rate this week decreased incrementally, national averages generally remained unchanged at record-low levels. The Federal Reserve has continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.

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The Federal Reserve released last week the minutes of its March policy-making meeting, which showed growing support of central bankers to scale back open-ended mortgage-backed securities & longer-term treasury purchases. "Economists are saying that Fed members already may have retraced their enthusiasm to slow or end monetary stimulus as a basket of weak U.S. economic data that emerged after the meeting suggested the recovery has remained soft," states TheStreet's Economist, Joe Deaux. "Continued weak data indicates that the Fed will remain committed to keeping interest rates low."

NATIONAL AVERAGE RESULTS - $10K

TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates.  The issuer's Financial Strength Rating isan independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit[ www.weissratings.com/help/what-our-ratings-mean.aspx ]. Information is believed to be accurate, but not guaranteed.

Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
                                                Plus sign "+" = top of range, Minus sign "-" = bottom of range

Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch's unbiased national interest rate survey of over 90,000 financial institution locations across the United States.

About RateWatch
For over 20 years, RateWatch has been the premier provider of competitive interest rate and product information to financial institutions across the United States.  Consistently providing top quality, highly relevant data RateWatch maintains the largest database in the industry with deposit, loan, and fee information monitoring over 90,000 locations. Rate surveys, product comparisons, financial strength reporting, local/regional/national averages, fee reporting, specialty reports and more are available.  To learn more about RateWatch, visit [ www.rate-watch.com ].  RateWatch is a division of TheStreet, Inc.

About TheStreet
TheStreet, Inc. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet and RateWatch. For more information on TheStreet's business, visit [ www.t.st ]. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com, follow TheStreet on Facebook and Twitter, and access TheStreet through all major mobile and tablet platforms.  For more information on The Deal, visit [ www.thedeal.com ].

Contact:

Erin Corcoran
TheStreet, Inc.
212-321-5566
[ erin.corcoran@thestreet.com ]

SOURCE TheStreet, Inc.