Alan Rose
Alan Rose
Sir Alan Edward Percival Rosewas the 30th Chief Justice of Ceylon. He was appointed in 1952 succeeding Edward Jayetileke and was Chief Justice until 1956. He was succeeded by Hema Henry Basnayake. He also served as Chief Justice of Singapore...
good levels lofty market needed news stay
The market was at pretty lofty levels and needed good news to stay at those levels and we didn't get it.
basis higher points reasonably weeks yields
The whole refunding should go reasonably well. Yields are still 15 to 17 basis points higher than they were two weeks ago, so that's part of the (price) concession.
basis higher reasonably weeks yields
The whole refunding should go reasonably well. Yields are (about 20 basis points) higher than they were two weeks ago, so that's part of the (price) concession.
buying front people selling trades
People who had been buying the front end and selling the back now have trades they don't like.
currently curve deep drive funds higher people thinking
People are thinking he's going to drive funds higher than is currently priced into the market. He's going to drive this curve to a pretty deep inversion.
closer fed front market moderation points value
Everything points to a moderation in the economy, which points to the Fed closer to being finished. The front end of the market has some value here.
bit buying capital orders
You got a little bit of buying because of the non-defense capital orders ex-aircraft, but now there's not much going on. There are really no flows.
coming homes market number
We've got the new homes number coming out, but the market is a little oversold right here.
equity fear generates interest mad rush
It's the fear there's going to be a mad rush for the exits in the equity market: that's what generates the interest in Treasuries.
bit early fed gets indicator inevitably slowing
It's a very early indicator of a slowing economy. Historically when the Fed gets into a tightening cycle, they inevitably tighten a bit more than they should, and that slows the economy.
fed marking time
We're just marking time before the Fed meeting.
asset folks
There's a long-duration triple-A asset about to come to market, and there are a lot of folks domestically and internationally who need long-duration triple-A assets.
calling dance fed weeds
He is going to dance around the weeds a little bit, calling for the Fed to be data-dependent.
economic except numbers relatively strong ultimately
The economic numbers are still relatively strong except for housing, and ultimately that will have some impact.