[oincobx]

In 2008, overnight rates rose because firms didn’t trust their counterparties or their collateral. In this case, rates are being driven up by a lack of supply - banks have to hold more reserves post-crisis, other firms were making tax payments. There will likely be a shortage again at the end of this month when a bunch of Treasuries expire.

[Vigilanteman]

As bonds and CDs mature now in my retirement portfolio, there is really no incentive to renew them since they pay no more than Schwab money market rates, in most cases.

And, if I do look for something else, the long term rates are, in many cases, no more than the short term rates. So I have renewed 90 days CDs and little else.