Both the U.K. and the Caribbean represent hedge fund communities. It's not necessarily U.K. investors per se, but these are the investors based in London. |
I think investors have their eyes onto...the host of economic data for next week, which will probably be more exciting than this week's. |
I think it's important from the policy stand point in that if the housing market is cooling down then I would argue that the Fed would probably have to do a little less. |
The Fed is going to raise rates tomorrow, so it makes sense for the two-year yield to rise to 4.75 percent or higher. |
The stronger consumer confidence, the more likely the Fed will keep hiking rates for longer. Yields have the potential to march higher in the coming months. |
There is talk that the unemployment rate will fall to a new cycle low of 4.6 percent. |
We're a little bearish on the market. |