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home / news releases / HYDD - Competitive Deposits?


HYDD - Competitive Deposits?

In its death note to narrow banks (link to Federal Register where you can post comments; previous post), the Fed claimed charmingly that retail deposit rates are fully competitive, so we don't need a narrow bank option to help spread the interest on reserves to deposit rates. In the Fed's view, the fact that banks pay so little compared to reserves just reflects the costs (many of them regulatory!) of servicing retail accounts.

"Some have argued that the presence of PTIEs could play an important role in raising deposit rates offered by banks to

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Stock Information

Company Name: Direxion Daily High Yield Bull 2X Shares ETF
Stock Symbol: HYDD
Market: NYSE

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