Tony Crescenzi
Tony Crescenzi
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.
headed june market meeting open percent possibly treasury yields
Treasury yields look headed to 5 percent by the May 10 (Federal Open Market Committee) meeting and possibly 5.25 percent by the June 29th.
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.
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.
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,
early great holland mania markets repeatedly
Like the Great Tulip Mania in Holland in the 1600's and the dot.com mania of early 2000, markets have repeatedly disconnected from reality,
america rest treasury
Where was the Treasury when the rest of America was refinancing its debt?