Josh Stiles
Josh Stiles
attack caution middle might range surprise weeks whether yield
We don't know enough about him to know whether there might be a surprise attack so there is some caution. But overall, the 10-year yield has been in a range of 4 5/8 to 4 /12 for weeks and today, we're right in the middle of that range.
bond hurt market
is going to hurt the bond market more.
basis market point rate view
The view is that the market could withstand a 25 basis point rate hike.
feels slide
It feels like the slide is tapering off,
aggressive cast doubt economy economy-and-economics fed morning seeing
It doesn't look like from what we are seeing this morning that the economy is recessionary, and now it's probably going to cast some doubt on how aggressive the Fed is going to want to be from here,
commodity concerned damage economy energy fed higher interested members prices risks terms
I would be interested in what those Fed members who are concerned about longer-term risks to the economy say in terms of any damage from higher energy prices and commodity prices.
business conditions headline impact moderation offset prices saw
We saw moderation in the indices on prices paid, employment, and six-month business conditions outlook. That offset the impact of the headline number.
bond hurt number
We don't look at this number and say it's the end of manufacturing strength. Still, it hasn't hurt the bond market.
consumer gain market sentiment taking
Consumer sentiment made an extraordinary month-to-month gain and really sparked the selling. The market has come a long way and short-term speculators are taking some profits.
classic definitely dilemma hurricane number paid prices related
The new weakness, which is probably related to the hurricane and oil, definitely set in. But this number was a classic dilemma for the market, because the prices paid really rocketed higher.
again below bigger bond dips economy fairly few gone lacking looks next players road selling six struggling tested volatility
It looks like it may be fairly lacking in volatility for the next few days, (with yields) struggling around six percent, ... But I think that some of the bigger players are going to be selling when the bond dips below 6 percent, because they see down the road that the Fed's going to be tested again and again about the imbalances in the economy which haven't gone away.
cooling demand fact fed potential rate saying until
It really comes down to the fact that the Fed is saying demand is excessive, ... Until they see enough cooling (of the economy) there's potential for more rate hikes.
bring data fears greenspan lay strong
There are fears the data will be strong and Greenspan will lay the groundwork for tightening. In that environment, how do you bring in buyers?
asking buy later people supply week whether
We're getting all this new supply later in the week and people are asking whether they really want to buy it at these levels.