Tony Crescenzi
Tony Crescenzi
based clearly estimate good news payroll taken trend
It suggests the trend has changed, because each week's estimate is based on the trends. This is clearly an important change, when taken with other news, particularly monthly payroll statistics. It suggests more good news is on the way.
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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.,
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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.
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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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The market is very confident in Greenspan. He has built up tremendous good will.
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The selling is modest and the market still has resilience to it.
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The signals coming from the bond market are significant and suggest that the anxieties in the markets are likely to dissipate,
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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.'
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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.
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There's some evidence that they may be shifting away from dollar reserves to other assets to try to diversify their reserves.
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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.
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Corporate bond investors seem relatively optimistic compared to a few months ago.
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Today's speech...is notable more for Greenspan's change in delivery than change in material,
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The Treasury tends to follow through with changes in new issuance when it forewarns of possible changes,