Tony Crescenzi
Tony Crescenzi
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The Treasury market has come to grips with the notion that stocks have recovered,
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It is conceivable, for example, that the current weakness in stock prices may already reflect the weak earnings news that will be released over the next several weeks and the stock market might unwind some of its excess pessimism,
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I believe the current decline in stocks could have a significant influence on the economy -- and hence, bonds -- if the stock decline is sustained.
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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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They are continuing to reinforce the point that regardless, with the stock markets down, they are going to continue to raise rates,
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If oil prices fall, it will help to stimulate economic activity -- the profit outlook will be better and also lower oil would bring down costs, making stocks the better asset class.
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In light of today's $500 billion wealth loss in the stock market, it is rational to begin thinking about an endgame to the Fed's rate hike phase, ... At the very least, recent developments tell us that the Fed's actions have finally reached a critical breaking point that limits the scope for significant rate hikes going forward.
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The distinction (of the phone survey) is important, ... Because it suggests that the ABC/ Money poll is more current and may have captured more of the impact of the recent stock market decline than did the Conference Board's.
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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.