William Sullivan
William Sullivan
auction far note wave
The two-year note auction went far, far better than expected, prompting a wave of short-covering.
appear issue market people secondary shows strong
The follow-through in the secondary market shows just how strong it was, ... a sense that people want to own this issue because it will appear on their year-end statements.
basically deeply market technical
The market was deeply oversold. It is basically a technical rebound.
ahead data defensive key market remains
The market remains very defensive ahead of these key data releases.
factor key market rebound
The key factor weighing on the market is a rebound in stocks,
account afraid fall foreign investors leadership puts rule sharp taking view
I'm afraid we're not taking account of how foreign investors view this. That puts U.S. leadership at risk. I wouldn't rule out a sharp fall in the dollar.
against backdrop bit expect inflation market observers soft stronger treasury
Inflation was probably a little bit stronger than expected, so against that backdrop we don't expect a substantial Treasury market rally. We may get some short-covering, but many observers will sense that this is a soft patch.
change last monetary policy
indicating this may be the last change in monetary policy for a while.