David Ader
David Ader
anxious buyers improved price yields
We're anxious fence-sitters. Yields are back to where we like them -- and we'll like them more if we see more buyers and improved price action.
amount enormous hit influence
We are getting hit with an enormous amount of supply. That is having an exaggerated influence.
buying commitment dip larger seen
We've seen dip buying and think that's a precursor to larger commitment into supply.
demand receiving
There are some receiving demand on the back of the supply.
action buying deem fed impact instead last lost market motivation panic view
We deem this action representative of a market that has lost the flurry of last week's panic buying and instead is rethinking its view as to the near-term motivation of the Fed and the impact of Katrina.
absent backed buy emerged expected finally money near step supporting temporary view yields
The suspiciously absent real money buyers, that were expected to step in and buy as yields backed up, have finally emerged -- supporting our view that we are near a temporary floor.