John Spinello
John Spinello
market mode waiting
The market is in a waiting mode right now.
definitely economy fact fed report stronger york
After the stronger report on manufacturing from the New York Fed yesterday, it definitely reinforces the fact that the economy is doing better.
buy economic landscape people ready willing
There's a re-evaluation of the economic landscape that makes people willing to sell, but there's not a lot of people ready to buy right now.
above auction basis came cost expect moderate percent points
The auction came in right at the market; there was moderate interest, nothing spectacular, but at 1.50 percent (50 basis points above the cost of carry) you can expect that.
bit bond chain coming data negative oil positive prices sales stores weak
The chain stores sales data is coming in a little bit weak and oil prices are up. That's positive for the bond market, negative for the economy.