Treasuries Post Best Start Since 2001 on Unemployment

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

The Treasury market had its best start to a year since 2001 after U.S. unemployment rose to the highest rate in more than two years and manufacturing expectedly contracted.

The Federal Reserve will cut borrowing costs by a half-percentage point more than forecast to prevent a recession. Fed Chairman Ben S. Bernanke and six other policy makers speak about the economy next week.

Bernanke will speak on financial markets, the economic outlook and monetary policy in Washington on Jan. 10.

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Kris Krajecki

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