U.S. Notes Post Best Monthly Gains Since 1995 on Credit Losses

Treasuries had their best month in 12 years as concern over banks' willingness to lend drove investors to seek refuge in the relative safety of U.S. government debt.

An index of Treasury securities returned 3.2 percent in November, the highest since 1995, as the rate banks charge each other for borrowing in dollars for one month rose the most since August.

Federal Reserve Chairman Ben S. Bernanke indicated the central bank may cut lending costs after a report next week forecast to show employers added the fewest jobs since June.

It looks like Santa may bring one more rate cut this year!!

:-)

Posted by Kris Krajecki Mortgage Broker Huntley, IL on 12/01/2007 11:02 AM

Comments (1)

economy, rates, fed, mortgage, refinance

1 Comments on U.S. Notes Post Best Monthly Gains Since 1995 on Credit Losses

Hi Kris,

That's good news! I love post that give me information that helps

Sincerely

Tom Braatz

12/01/2007 11:08 AM

by Tom Braatz, South Eastern Wisconsin (Tom Braatz)

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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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