But certainly the numbers are weaker than expected, ... This is just one in a series of numbers which argues that the economy is decelerating rapidly. |
Further flattening in the curve is likely ahead of two-year supply next week. |
Greenspan will need to either confirm the 'patient' theory or ratchet up his view on jobs and the economy, |
Greenspan will need to either confirm the 'patient' theory or ratchet up his view on jobs and the economy. |
It's already been auctioned off beforehand. |
Momentum is turning towards lower yields. |
The (bond) market has a better tone to it. |
The (job) numbers were very good for the market. They reduce the probability that the Fed will tighten aggressively. |
The bond market got very oversold. To expect a technical bounce is reasonable. |
The Fed now thinks they are pretty much at neutral, and there has to be evidence to suggest they actually need to raise interest rates. |
The front end of the market obviously offers safety and relative certainty that yields are going lower. |
The market was very, very oversold. |
The market will be looking for him to confirm what was priced in last week: that the Fed will stop a little earlier than we had thought. |
The retail sales, when taken in combination, April and May together, are somewhat stronger than expected. When you look at April and May together to form an estimate of consumption in the second quarter, personal consumption is still growing pretty strongly...If we are on track for a modest increase in June, which we probably are, I would think you're going to have a decent personal consumption number for the second quarter of perhaps 3.0 percent. |
The statement following the meeting will be carefully scrutinized for any sign of future plans. |