Kevin Flanagan
Kevin Flanagan
quite san
In San Diego, we don't try quite as hard.
curve expensive fed front seems
The front end of the curve seems to be on the expensive side. You have a Fed that is not yet done tightening.
breaking claims couple ground lower nor numbers price since support ticks treasury
The claims numbers don't do anything to support the Treasury market, nor are they ground breaking either. The 10-year's price is a couple of ticks lower since the report.
last move noticed share taken week
The lion's share of those bookings have been taken off the sheets, ... It's only after Fed's move last week that we've noticed this improvement?
bit excuse market offer top
The market has been a little top heavy, so (the PCE increase) did offer a bit of an excuse to sell.
bit close cooling economy fed gotten interest itself market numbers position process raising threw
The market had gotten itself into a position where the thought process was the economy was cooling off a bit and the Fed was close to being done raising interest rates. These numbers threw a wrench into the works.