Two year treasuries rose to their highest level since 2005 as investors move their money to safety. While short term rates dropped, long term did not move nearly as much. Investors seem to think another rate cut is coming.

Wells Fargo described the situation as "the worst housing market since the Great Depression."

 

Submitted: Nov 15, 2007    Views: 263    Comments: 0    Likes: 1   


View Article: http://www.bloomberg.com/apps/news?pid=20601087&sid=alvle7Zh_5FE&re...


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