Treasuries Fall After Bernanke Says Fed Will Act to Avoid a Recession

By
Mortgage and Lending with Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL
Treasuries fell and bill yields rose as Federal Reserve Chairman Ben S. Bernanke indicated the central bank will do whatever it takes to keep the economy out of a recession.

Yields on three-month bills increased the most in more than two weeks on reduced demand for the safety of short-term government securities. A plan Treasury Secretary Henry Paulson is negotiating with the biggest banks to limit foreclosures may reduce concern over subprime mortgage losses, which has led U.S. debt to the best monthly returns in 12 years.

Rising gasoline prices, a housing slump and reduced access to credit seems to be just the beginning!!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
mortgage
economy
rates

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
68,945

Kris Krajecki

Mortgage Broker Huntley, IL
Ask me a question
*
*
*
*
Spam prevention