David Ging
David Ging
curve modestly people
The curve inverted modestly yesterday, and people are piling on.
came certain extent fed less market minutes text
To a certain extent the market is correcting the bullishness that came from the Fed minutes because the text was a lot less dovish than the headlines.
coming pressures
There are some profit-taking pressures coming into the market.
flows foreign good market meeting sort supports
There's a sense that the G7 meeting sort of supports intervention in the market so you could see some good foreign flows into Treasuries.
clear signal until
You're not going to get a clear signal until tomorrow.
concern definitely market
That concern was definitely there, so that's why you see the market rallying.
factors hard leg losses point positives stream string
It's hard to come up with positives in the market. It's another leg in the string of factors that point to a long stream of losses in bonds.