Josh Stiles
Josh Stiles
bond hurt market
is going to hurt the bond market more.
commodity concerned damage economy energy fed higher interested members prices risks terms
I would be interested in what those Fed members who are concerned about longer-term risks to the economy say in terms of any damage from higher energy prices and commodity prices.
action due endorse forces labor looked lower people question report supply weaker whether yield
A lot of Friday's action was due to short-covering after the labor report looked weaker than people had expected. But the upcoming supply forces people to question whether they really want to endorse these lower yield levels.
consumer gain market sentiment taking
Consumer sentiment made an extraordinary month-to-month gain and really sparked the selling. The market has come a long way and short-term speculators are taking some profits.
cooling economy market pressures wage
I think (the GDP and ECI figures) will tell the market that the economy is not cooling much and that wage pressures are building.
bonds cuts dollar higher permanent tax
He didn't say enough on the permanent tax cuts and that's why the dollar is higher and (U.S.) bonds are higher.
basis currency data fed gaining inflation market maybe meaning morning move november pause points pressures price raises rates september
The idea that's been gaining currency in the market is the Fed pause theory, meaning that the Fed raises rates 25 basis points in September and then, because inflation pressures are contained, they pause for a while, skipping a move in November and maybe even December. The (producer price index) data this morning kind of fed into that theory.
bond hurt number
We don't look at this number and say it's the end of manufacturing strength. Still, it hasn't hurt the bond market.
business conditions headline impact moderation offset prices saw
We saw moderation in the indices on prices paid, employment, and six-month business conditions outlook. That offset the impact of the headline number.
building inflation pressures problem
We still need to keep the inflation pressures from building or there will be a problem in the future.
consumer good january quarter retail
We should still have a pretty good quarter for consumer spending. January retail sales, excluding autos, were very strong.
asking buy later people supply week whether
We're getting all this new supply later in the week and people are asking whether they really want to buy it at these levels.
attack caution middle might range surprise weeks whether yield
We don't know enough about him to know whether there might be a surprise attack so there is some caution. But overall, the 10-year yield has been in a range of 4 5/8 to 4 /12 for weeks and today, we're right in the middle of that range.
bring data fears greenspan lay strong
There are fears the data will be strong and Greenspan will lay the groundwork for tightening. In that environment, how do you bring in buyers?