Kevin Giddis
Kevin Giddis
came cover shorts
Everyone came in to cover their shorts (positions).
inflation percent
Inflation is still in check. We are not going to see 5 percent on 10-years.
coming comments committee federal increases market numbers open plus pointing
These numbers today, plus the comments by the Fed, are still pointing to more increases by the Federal Open Market Committee in the coming months.
aggressive costs fed full funds holding percentage point rate remain
The Fed must now remain aggressive in holding costs down which could take the Fed funds rate up a full percentage point in 2006.
demand economy fed funds global inflation low rate rates remain strong
The Fed has pledged to keep the economy and inflation in check, which they're doing now, which will keep the fed funds rate going higher. Low inflation and global demand for U.S. Treasuries will remain strong in 2006, which will keep long rates low.
curve increase march telling
What the curve is telling us is that a March increase is a foregone conclusion.
fact few funds further group living longer plus requires yield
While this group is still a few years away from retirement, this plus the fact that Americans are living longer requires these funds to go out further on the yield curve.
anyone comments deem focused high indicator market markets reaction remains traders
This indicator isn't very high on most traders 'care index' so the market reaction remains focused on comments by anyone who the markets deem as reliable.
auction lunch might
If this auction doesn't go well, you might want to take a long lunch then go home.
debt demand
The demand of our debt has come into question.
accounts attract auction bond large nostalgia quietly
Tomorrow's 30-year bond auction should attract large accounts and nostalgia buffs that have quietly politicked to get the bellwether back.
current markets sync ugly
If it isn't in sync with the markets current leanings, it could get ugly in a hurry.
higher large likes lower portion required results yields
If the 'street' is required to own a large portion of this amount, it likes to have it on their terms, which usually results in higher yields and lower prices.
appears bond market suffering
Right now, the bond market appears to be suffering from indigestion.