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

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

:-)

Comments (1)

Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Hi Kris,

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

Sincerely

Tom Braatz

Dec 01, 2007 03:08 AM