Treasuries Rise Most in Three Years as Fed Rate Cuts Disappoint

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Mortgage and Lending with Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL
Treasuries rose the most in more than three years on concern that the Federal Reserve's quarter- point reductions in borrowing costs won't be enough to avoid the risk of recession.

The rally pushed yields on two-year notes, more sensitive to expectations of further rate cuts than longer-maturity debt, back below 3 percent. The central bank lowered its target for overnight loans between banks to 4.25 percent and the rate it charges banks for direct loans to 4.75 percent, disheartening investors expecting a bigger reduction in the discount rate.

The FED meets again on January 30th.

:-)

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Rainer
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Matthew J Blum - (retired from the business)
Palm Beach Gardens, FL
Kris, Great explanation!  Information like this for people outside of the Mortgage world is key.
Dec 12, 2007 12:41 AM #1
Rainer
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Kris Krajecki
Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL - Huntley, IL
Mortgage Broker Huntley, IL

Thanks Matt!

:-)

Dec 12, 2007 01:34 AM #2
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Rainer
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Kris Krajecki

Mortgage Broker Huntley, IL
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