we have just received this memo from aia:
we would like to inform u that in view of the current interest rate environment, aia will be revising the crediting rates for aia platinum legacy series from october 04, 2011.
us treasury yields have dropped significantly since end-dec 2010 and to all-time lows for majority of the benchmark treasuries. such movements are triggered by risk aversion and flight-to-quality flows on the back of rising concerns over the developed nations' growth momentum, eurozone debt crisis and financial health of the european banks.
over the period from 31 december 2010 to 16 september 2011, 10-year and 30-year treasury yields moved by -1.248% and -1.022% respectively. over the period from 16 may 2011 to 16 september 2011, 10-year and 30-year treasury yields moved by -1.099% and -0.959% respectively.
revised crediting rates:
for aia platinum legacy and aia platinum legacy preserver, ......