Anthony Crescenzi
Anthony Crescenzi
beginning bond calling since toward year yield
I've been calling for the bond yield since the beginning of the year to get toward 6 percent,
bond expects fall hard market people stock trading
The bond market expects the stock market to fall very hard ... people are trading scared.
bond catching environment short strength
In an environment where there is a lot of uncertainty, the short end will get the benefit. The bond is catching up to the strength on the short end.
bonds last turned
The Dow went from 8,360 to 8,420 in the last 45 minutes. That turned the bonds down,
basis bonds gotten rally
The basis for a rally in bonds has gotten smaller.
excess growth pointing report strong
The report is universally strong and is pointing to growth in excess of Greenspan's objectives.
alarming certainly favorable last trend
As alarming as this is -- and the trend is certainly not very favorable -- it's not like it was in the last recession.
context higher last released
In the context of the PPI released last week, which was much higher than expected, the CPI is a big relief,
conditions inflation
I think we have conditions in place now that could put off the tightening. Unfortunately, there is some inflation embedding itself.
clinton happened hurt market people report stock yesterday
In the morning, many people thought the Clinton report would hurt the stock market - but it happened yesterday and Wednesday.
businesses failed harmful higher industries money small taxed
The money channeled from failed industries to small businesses would be taxed at higher rates, and that would be harmful to the economy,
downside exhausted itself market
In a sense the market exhausted itself on the downside yesterday,
admitted cause fed greenspan market might news past reactions response sending signals sudden volatility
The Fed doesn't want sudden market reactions in response to news that might be difficult; they want to cause as little volatility as possible, ... Greenspan has admitted to sending signals in the past -- it's the way they operate.
comments either hoping people provides rarely rate signal
The comments don't hint either way really. People were just hoping for a signal about the rate move, and he rarely provides that.