Thread: Fed cuts rates by .50 today
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Old 02-20-2008, 11:29 AM  
teomaxxx
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Join Date: May 2003
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Quote:
Originally Posted by teomaxxx View Post
he can cut as he want, but bond market says him "fuck you". they will have a hard time of defending 3.00 target.

http://finance.yahoo.com/q/bc?s=%5ETNX&t=5d
so it took only 20 days to get mortage rates on the same level back, despite the rate cut. bond market still says fuck you. the further rate cuts probably wont help any mortage owners.
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