http://money.cnn.com/2011/08/08/markets/bondcenter/treasuries_downgrade/index.htm?iid=HP_LN
"While a lower credit rating should increase the United States' borrowing costs, Treasury yields dropped Monday, the first day investors could react to Standard & Poor's downgrade of U.S. debt. That's because S&P's unprecedented move adds more uncertainty to the market, and greater uncertainty drives investors out of risky assets such as stocks and into perceived safe havens, including U.S. Treasuries. The yield on the benchmark 10-year Treasury note fell to 2.38% Monday morning from 2.56% late Friday. The yields on other Treasuries also retreated."
Dan Woodard
NMLS License #112511
Corporate Investors Mortgage Group, Inc.
1121 Situs Ct. Ste. 100
Raleigh, NC 27606
919.676.1111 ph.
919.676.6777 fax
dwoodard@cimginc.com
www.cimginc.com
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