John Spinello
John Spinello
bond seeing selling
There's not a lot of activity, but the bond was severely oversold (Friday) and without follow-through selling today, we're seeing some short-covering behavior.
bid event market people time
Right now, the market is well bid and it will take time or some more significant event to make people want to sell.
market mode waiting
The market is in a waiting mode right now.
bit bond chain coming data negative oil positive prices sales stores weak
The chain stores sales data is coming in a little bit weak and oil prices are up. That's positive for the bond market, negative for the economy.
bit came caused close data firm home low sales selling session side
The home sales data were on the firm side and yet we didn't see any selling when they came out. We had come close to the low (prices) of Friday's session and couldn't go lower, so that caused a bit of short-covering.