The yields on negotiable certificates of deposit are typically above those on U.S. Treasury issues and comparable to the yields on commercial paper with similar maturities.

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Negotiable certificates of deposit (CDs) are issued by banks and usually offer higher yields than U.S. Treasury issues due to their slightly higher credit risk. They also offer yields comparable to commercial paper with similar maturities.

The Yields on Negotiable Certificates of Deposit Are Typically Above