Rick Klingman
Rick Klingman
caused couple market past prepared turbulence
The market was prepared for the end of quantitative easing, it has caused some turbulence in the past couple of weeks.
pressure selling
The selling pressure has subsided a little bit.
amount coming corporate given good mediocre results supply
The results are mediocre at best. Given the amount of corporate supply coming and the refunding announcement around the corner, it's not a good sign.
major remarks
To be honest, I don't think his remarks had any major effect.
basis close might rally sounds strong yields
It sounds like 'one and done' might be a strong possibility. If they are done at 5 percent, yields here are close to appropriate or could rally another 5 to 10 basis points.
expected heart number people stronger taking
The number was stronger than expected and I think people are taking it to heart.
auction general housing lending market morning number tone weakness
The auction is lending some more weakness to the general tone of our market that started with the housing number this morning and this is not helping.
across continued employment growth point prices report seems solid strong
It was a strong report across the board. Prices were strong, employment was strong. It seems to point to continued solid growth in the economy.
continued housing reason slow somewhat weakness
They are somewhat pleased. We'll need to see continued weakness before they'll feel like housing is a reason to slow the tightening process. This is just one month's number.
bit boost focusing given people
After (Wednesday's) GDP revisions people were focusing on it, and it's given us a bit of a boost here.
consumer definitely doubt everybody focusing heading homes housing people sector start value
The housing sector is definitely something everybody is focusing on in 2006. If people start to see the value of their homes heading lower, there's no doubt we would see a slowdown in consumer spending.