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Treasuries Fall as Gains in Global Stocks Curb Demand for Debt

By Kris Krajecki

Mortgage and Lending with Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL

October 23, 2007 02:42 AM

U.S. Treasury notes declined for a second day after global stocks gained, reducing the appeal of government debt.

U.S. stocks rose after earnings reports from Apple Inc. and American Express Co. eased concern that the housing slump has curbed consumer spending.

Don't pay the mortgage, but make sure you get that new iPhine and the new iTouch iPod!!!

Apple rallied after saying profit jumped 67 percent on record sales of Macintosh computers and growing demand for iPods and iPhones. American Express, the third-largest U.S. credit-card network, gained on results boosted by the spending of wealthy consumers......probably from buying Apple products! LOL

:-)

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Keith Stoller

Keith Stoller Tax & Business Solutions - Bakersfield, CA

Not much of a suprise. It's time the government stop trying to figure out new and exciting ways to spend our tax dollars and focus on effective ways to minimize the expenses that necessitate taking on more debt.

Oct 23, 2007 03:29 AM

Robert Monk

100% Realty, Inc. - Santa Rosa Beach, FL

Florida Real Estate

Don't pay the mortgage, buy the iPod! That's funny. How about we don't pay the mortgage until the interest rates come down?

Oct 23, 2007 05:05 AM

Treasuries Fall as Gains in Global Stocks Curb Demand for Debt

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Kris Krajecki

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