Treasury Notes In Decline
Yet another sign that the US economy is in trouble, treasury notes are taking a beating. Bloomberg is reporting:
It was the worst housing market decline since the end of World War II. The Federal Reserve was doing everything it could do to avoid a precipitous recession and investors in the shortest-term U.S. government securities had reason to be jubilant.
While two-year Treasury notes returned 10 percent in 1989 as the target rate for overnight loans between banks fell four times, no one is saying deja vu this year. Even the bond market’s best start since 2001 won’t get investors more than 2 percent, according to a Bloomberg survey of 65 economists and strategists.
On a more positive note, those seeking a Utah home equity loan may find that rates are lower than usual right now. As with all finance related news, some are benefiting, some are losing.
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