Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : 10 Year Treasury Note yield takes huge dive

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December 14, 2005

10 Year Treasury Note yield takes huge dive

This one is big, down almost .1% to 4.44%. Obviously the street liked what it heard yesterday from the Federal Reserve. The Fed implied that there are only 2 or 3 hikes left on horizon for the interest rates.

Also the trade deficit came very high, at $68.9 billion, surpassing the old record of $66 billion set in September, as imports, mostly from China, where else, rose by 4.4%.

Trade deficit is very high and will lead to troubles in a near future, in my opinion. As much as I like lower interest rates due to the higher bond prices, I would like to see another reason for this.

Posted in Mortgages at December 14, 2005 12:01 PM

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