A little bit of a haircut for the one-year CD as the average yield dropped 3 basis points to 2.15 percent. Meanwhile, the average for the five-year grew by 6 basis points to 3.16 percent. There was very similar movement with the jumbos; the one-year yield lost 3 basis points while the five-year rose by 7 points, to 2.33 percent and 3.35 percent, respectively.

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson keep trying to talk down inflation, which has most people thinking rates will be rising later this year. It’s a tough predicament as the economy looks like it needs a paramedic.

The average yield for money market accounts remains at 0.73 percent for the fourth week in a row.