Josh Stiles
Josh Stiles
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.
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.
deal difficult market number
This is always a difficult number for the market to deal with.
affect economic housing market numbers reaching softer starts stock support
The economic numbers didn't really have an affect on the (bond) market, ... Housing starts were strong, but . . . the market was already reaching support in the softer stock market and softer manufacturing numbers.
aircraft bond bulls context distorted headline market number report took
The market took the report in context -- which is that it is often distorted by aircraft orders. It didn't really ignite the bond bulls that the headline number was down so much.
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.
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.
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.