Kim Rupert
Kim Rupert
beforehand caused changes curve permanent seen shift subtle treasury week
What the Treasury has done has caused a significant, permanent shift in the way the curve is structured. We'd seen a lot of subtle changes beforehand but it was the announcement this week that really triggered the earthquake.
gains opportunity selling
The post-auction gains were used as a selling opportunity.
believe continued curve economic expecting far growth result tight view yield
Our view is very optimistic. We believe that the tight yield curve is the result of the Fed's continued tightening. We are expecting economic growth of 4% much of this year. That is far from a recession.
ahead bit yield
I think were just having a little short-covering ahead of the weekend. We often see a bit of bottom-fishing when the yield is around 4.5%.
economy economy-and-economics lost
That suggests the economy has lost some of its steam.
car fed last october question reported sales strong
After the strong October car sales that were reported last week, it wouldn't be out of the question that the Fed would think things are improving.
bond core fact inflation liked market retail sales tame
The bond market liked the fact that core inflation was tame and that retail sales -- excluding autos -- were tame.
auction came good
The auction came off pretty much as advertised -- it was good and strong.
data durable goods initially lower news weak yield
The yield initially knee-jerked lower on the weak durable goods data and the Saudi news.
appears curve fed inflation remains risk steady upside vigilance yield
The yield curve remains steady ... indicating that the upside inflation risk appears to be canceled out by Fed vigilance for now.
expose kids might
It's important to expose kids to experiences they might not get in the classroom.
case growth likely looks means methods moderate people realistic sure
We all anticipated it would come to an end at some point, but we weren't sure if it would moderate or crash. It now looks like it crashed, but that more than likely means we'll see more moderate and realistic growth as people re-apply more traditional methods of financing. That should make the case for moderate, non-inflationary growth in 2000.
again begin data looking means stuff terms
We're going to be getting back to normal, with a lot of the panicky stuff dissipating. We're going to begin looking at the data again and what it means in terms of the Fed.
cut rate size sloppy
There's enough uncertainty about the size of the rate cut to make it a pretty sloppy auction.