Thursday, July 30, 2009
30-Year Treasury (GATT Rate) at 4.45%
The yield on the 30-year Treasury Bond is 4.45% as of today. Although the rate has declined in the past few trading sessions, the rate of 4.45% still represents an increase of 22 basis points over May’s rate of 4.23%. The change of the rate from 3.59% to 4.23% resulted in a significant reduction in lump sum pension amounts, and unfortunately, as of now, that trend is continuing. This is something to watch very closely if you are debating whether to accept the September 12th EISP offer from Verizon. Please call Harris Financial Group at (800) 281-3980 or (804) 526-0544 with any questions about how this may affect your retirement.