Tony Crescenzi
Tony Crescenzi
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The pattern of the equity market lately is that it doesn't retain its bid for long. Bonds started to strengthen on a bet that stocks would weaken. It's rare that stocks hold a bid these days.
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When there is a weak auction, it sometimes means investors will step aside and wait for deals in the secondary market,
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There seem to be all the elements of a good auction -- the bid-to-cover ratio was solid, the yield was as expected and yields are not rising.
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They are continuing to reinforce the point that regardless, with the stock markets down, they are going to continue to raise rates,
bonds buy current environment factors oil players prices pushing reflection security
This just is a reflection of the current environment with oil prices rising, security concerns. All of these factors are pushing players to buy bonds over stocks.
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A quarter point move is already built in to the market. It wouldn't have any impact.
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The buck has yet to stop at Summers as too many officials have abandoned the former 'one-voice' policy and thrown in their harmful two-cents, ... Summers must assert a 'one-voice' policy to stop the dollar from falling further.
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I would venture to forecast that if the upcoming payroll report were to post a decline in the vicinity of 200,000 or so, the Fed might lower interest rates as early as this Friday.
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His testimony is apt to be consistent with the notion that the Fed is still in a tightening mode and inflation is rearing its head,
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Rita is a major factor, as it is expected to keep the dominant negative in place: high energy prices and their impact on both consumer spending and the animal spirits of U.S. businesses.
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Parry's comments hint that the Fed still views the neutral level of the federal-funds rate to be approximately two percentage points above the inflation rate,
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If it really is going on now, we'll hear more, rather than less, about it later.
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He's clearly knowledgeable about issues that affect Wall Street and he should be able to navigate Capitol Hill.
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Greenspan usually refrains from saying anything market moving ahead of speeches before Congress,