U.S. Notes Advance; Traders Forecast Fed to Cut Rates Tomorrow

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Mortgage and Lending with Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL
U.S. Treasury 10-year notes rose, ending four days of losses, on expectations slowing economic growth will lead the Federal Reserve to cut interest rates tomorrow for a third time this year.

Investors expect reduced access to credit to last beyond the first three months of 2008.

Financial futures on the Chicago Board of Trade show there is a 74 percent chance the Fed will trim its target for overnight loans between banks by a quarter percentage point to 4.25 percent. The rest of the bets are for a half-point reduction.

....Just in time for Christmas!

:-)

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Rainer
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Marsha Cleaveland
No longer in the sales business - Glendale, AZ
GRI, AHWD, CNE

We're all hoping a rate cut will bring out the buyers.  Let's see what happens when the Fed meets.

Dec 09, 2007 01:11 PM #1
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Rainer
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Kris Krajecki

Mortgage Broker Huntley, IL
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