Bill Hornbarger
Bill Hornbarger
bonds caught caused coming cycle data economic gauge hear inflation level lowest market nine obviously rally report research stock supportive today weak
Obviously the data today was very supportive of bonds. The unemployment report caught everyone by surprise. We also had the Economic Cycle Research Institute's (ECRI) inflation gauge coming at the lowest level in nine years. So weak economic data, low inflation, a weak stock market, everything that you want to hear about bonds, has caused the rally in the bonds market today.
bond data eye inflation influenced market oil point prices stay troubling
Oil prices, I think, are something to keep an eye on. So far, they have not influenced the inflation data to the point where we think it should be too troubling to the bond market but if prices go a little higher, if they stay up here. I think it's something we'll have to keep an eye on.
couple data economic employment people strength strong troubled
Got a couple of things going on. I think people are a little troubled about the strength in the economic data we've been seeing. Fourth-quarter GDP was very strong, another strong employment report.
consensus fed move wants
Everyone wants to get through the Fed with the affirmation. The consensus in the marketplace is no move out of the Fed and I do think that's been priced into the market.
clear fed
I think he (Greenspan) made it very clear the Fed is still in a tightening mode.
bond japanese market pressure pushing putting yields
I think Japanese bond yields are pushing up, and (that is) putting a little pressure on our market also,
looks number people
More than anything people want to see what the (jobs) number looks like tomorrow.
both community dealer heard investors number players pulling
It's been very, very quiet. We've heard a number of players pulling back from the market, both investors and the dealer community alike.
radar
It's such a blip on the radar screen.
auction crude low oil volume
The auction went surprisingly well, but it's a low volume day and crude oil is dropping.
brings curve good rates yield
It's a good move. It flattens the yield curve and brings long-term rates down.
adding fact fuel oil strong
The fact that oil is so strong is adding fuel to the fire.
bit bring buying competition dollar global help relative yields
You're going to have this global competition for yields and our yields are going to be a bit more attractive. It's going to bring in some buying and it should also help the dollar relative to the euro.
mind oil
The big thing on everybody's mind is oil prices.