Renewed warnings about terrorism haven’t shaken up the money market much, according to a Grinnell money manager. Tom Cirks at Financial Services of Iowa says he’s seen people pull back a bit, but the conservative approach of investors hasn’t dealt a big blow to the market.They’ve been conservative but they’re getting back into bond and stock markets, rather than getting the low interest on cash accounts. But investors are looking beyond certificates of deposit, hoping to get higher yields than CDs pay these days. They’re looking at things like treasury bonds, and considering waiting for a longer maturity time to keep their money safe but get higher yields. Cirks says he thinks the markets are stable, and newly conservative investors are simply concerned about exactly where their money is.
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