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- Posts: 92
- Joined: Fri Jul 22, 2011 9:05 am
I'm seeing new issue brokered 2 yr CD's at 1.35 - 1.4% (fido), and secondary mkt at 1.8% . Is this a liquidity spread, or perhaps risk, since the secondaries are selling at over par?
- Posts: 743
- Joined: Tue May 01, 2018 7:12 am
Just a guess: A lot of people trying to sell on the secondary market because they need the cash right now.