CD Yields Continue to Decline – 4/7/08

Yields: 1.94 percent (1-year CD yield); 2.75 percent (5-year CD yield)

CD yields continue to decline, although not as sharply this week as last. The average one-year CD yield fell 3 basis points this week to 1.94 percent.

The average five-year yield lost 2 basis points and is now paying a mere 2.75 percent. Jumbos held steady, though, with the one-year jumbo remaining at 2.12 percent, and the five-year at 2.84 percent.