Treasuries Rise on Speculation Credit Market Losses May Deepen

Treasuries rose as investors sought the safety of government debt after stocks tumbled and equity analysts cut the ratings of Citigroup Inc. and Bank of America Corp. on renewed concern over credit market losses.

The gains in the two-year notes more than erased yesterday's decline triggered by the Federal Reserve's indication that it doesn't anticipate lowering interest rates further. The downgrades of the two largest U.S. banks were based on projections that rising delinquencies on mortgage loans will lead them to write down the value of assets.

 
Posted by Kris Krajecki Mortgage Broker Huntley, IL on 11/01/2007 10:20 AM   Comments (2)   ,  

2 Comments on Treasuries Rise on Speculation Credit Market Losses May Deepen

Kris, I think it's a mistake to not lower the interest rate.  Talk to Mr. Bernake.  I think he'd listen to you.  Hopefully, he's on the AR website right now!!

11/01/2007 11:59 AM by Robert Monk Florida Real Estate (100% Realty, Inc.)

Kris, it's interesting how quickly momentum has shifted. Yesterday we were on the road to recovery, today we are sinking deeper. It's going to be an interesting next few months.

11/01/2007 07:01 PM by Peter Thompson - Chicagoland Mortgage Insight (Professional Mortgage Partners)

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Mortgage Company: Kris Krajecki - American Mortgage Werks - Huntley, IL
Kris Krajecki Mortgage Broker Huntley, IL
Huntley, IL
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Kris Krajecki - American Mortgage Werks - Huntley, IL

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