Michael Boss
Michael Boss
curve fairly firm holding nice yield
The shorter end of the U.S. yield curve is holding a fairly nice firm tone.
economy looking seems slowing
Things are still looking pretty good, and the economy seems to be slowing down, right into the Fed's hands.
traders
The traders are for the most part are out. So we're just biding out time.
bottom risk tolerance volatile week
The tolerance for risk is much lower. We are going to have a volatile week -- bottom line.
It's the same thing day in and day out. There's nothing really new.
heard horror market securities stories
I've heard horror stories about how illiquid the market for mortgage-backed securities is.
bond bull few run seeing taken yields
It's been a long bull run with yields lower, and we're just seeing a few chinks taken out of the bond market's armor.
economic factor global screaming situation
It wasn't on the fly, screaming demand. The overriding factor is what the global economic situation is -- and it is tenuous at best.
defensive seeing trading
We're still trading on the defensive and seeing more selling. As it appears, this second-quarter slowdown could be a mirage.
both credit demand quality reasons tremendous
There is just tremendous demand both for flight-to-quality reasons and because of these credit spreads.
bottom difficult fed line market rally treasury
The bottom line is it's difficult for a Treasury market to rally when the Fed has indicated they are not done tightening.
beginning minds question
I think the big question on traders' minds now is: is this the beginning of the end? Is this the end of this long run-up?
suspect
I would suspect we'll go out with a whimper.
chance cut fed half percent percentage pricing
We're pricing in a 90 percent chance that the Fed will cut (by half a percentage point).