Tony Crescenzi
Tony Crescenzi
bond both causes weakness
There are many causes of both today's weakness and of the bond market's weakening in general,
advance both compared countries creates economic economy-and-economics environment good growth lower powerful rates return serve
The productivity advance will also serve as a powerful backstop for the U.S. dollar, as it creates an environment that is good for the rates of return on U.S. assets, especially compared to other countries where both productivity growth and economic growth are lower than in the U.S.,
animal both consumer dominant energy expected high impact major negative prices rita spending spirits
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.
bear book both bull camps contains negative tone
The Fed's beige book contains a little something for both the bull and bear camps but has a marginally negative tone to it,
market modest resilience selling
The selling is modest and the market still has resilience to it.
anxieties bond coming likely market markets signals suggest
The signals coming from the bond market are significant and suggest that the anxieties in the markets are likely to dissipate,
bush congress dead famous fiscal likelihood package president reducing rhetoric stimulus taxes
The rhetoric over the fiscal stimulus package heated up this weekend, reducing the likelihood of passage, ... In what may become a famous remark, President Bush said that Congress would 'raise taxes over my dead body.'
against bears bulls clint data eastwood known longer meaning payroll pit script since written
Even Clint Eastwood could not have written a better script that would pit the bulls and the bears against each other over the meaning of today's payroll report, ... The winner, however, may not be known for a while longer since the data is sufficiently murky.
assets dollar evidence reserves shifting
There's some evidence that they may be shifting away from dollar reserves to other assets to try to diversify their reserves.
bearing bonds capital competition factors inflation influence interest large levels monetary rates structure supply yield
The supply of bonds won't have a large bearing on the yield levels or the structure of the yield curve, ... The influence on interest rates will come more fundamental factors such as inflation expectations, competition for capital and monetary policy.
bond compared corporate few investors months optimistic relatively seem
Corporate bond investors seem relatively optimistic compared to a few months ago.
change delivery notable
Today's speech...is notable more for Greenspan's change in delivery than change in material,
changes follow possible tends treasury
The Treasury tends to follow through with changes in new issuance when it forewarns of possible changes,
grips market notion stocks treasury
The Treasury market has come to grips with the notion that stocks have recovered,