Tony Crescenzi
Tony Crescenzi
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.
auction elements expected good ratio seem yield yields
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.
bad consumer coverage data jobs likely news
The news coverage on today's jobs data will likely be immense, and this will in a sense pummel the consumer with bad news.
april conduct early fed high might move payroll people rate report rumor since strong wage
The new rumor now since the meeting, since they did not act, is that the Fed could conduct an inter-meeting rate change, ... This is something they haven't done since April 1994, but people feel if the payroll report is strong and it's accompanied by a high wage gain, the Fed might move as early as tomorrow.
assessment downward overall results trend underlying
The refunding results show that the market's assessment of underlying (economic) fundamentals is that they are still bearish. Therefore, the market's overall downward trend is intact.
aftermath ammunition appears bad fed inflation justify strategy string
In the aftermath of a string of bad inflation news, the Fed now appears to have ample ammunition to justify their strategy shift.
feeling true underlying
If you want to asses the market's true feeling about underlying (economic) fundamentals, you have to look at the 10-year and under.
argue bond context indicate market recent results
In the context of the recent markdown in prices, one could argue that the results in no way indicate that the recent bond market sell-off is over.
almost further hikes rate rest
We've come a long way, ... There's almost no expectations of further rate hikes for the rest of the year.
data expect fed feed hands home sales
The pending home sales data feed right into the hands of those who expect the Fed to end its interest-rate hikes.
bet bid bonds equity hold lately market pattern rare retain stocks strengthen
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.
businesses consumer continue durable energy given goods high market negatively question report risks spend spending whether
The question is -- and this is why the market hasn't reacted too negatively to the durable goods report -- is whether businesses ... will continue to spend given the risks to consumer spending posed by high energy prices.
hear rather
If it really is going on now, we'll hear more, rather than less, about it later.
affect capitol clearly issues navigate street wall
He's clearly knowledgeable about issues that affect Wall Street and he should be able to navigate Capitol Hill.