Kevin Giddis
Kevin Giddis
across bit markets
It is important that he come across in an authoritative way so the markets see him as 'apolitical' and strong. If they sense that he can be maneuvered by Congress, then it could make the markets a bit nervous.
demand economy fed funds global inflation low rate rates remain strong
The Fed has pledged to keep the economy and inflation in check, which they're doing now, which will keep the fed funds rate going higher. Low inflation and global demand for U.S. Treasuries will remain strong in 2006, which will keep long rates low.
aggressive costs fed full funds holding percentage point rate remain
The Fed must now remain aggressive in holding costs down which could take the Fed funds rate up a full percentage point in 2006.
came cover shorts
Everyone came in to cover their shorts (positions).
almost auction interest particular traders
The 30-year will be of particular interest to traders as it will be the first auction in almost 5 years.
coming comments committee federal increases market numbers open plus pointing
These numbers today, plus the comments by the Fed, are still pointing to more increases by the Federal Open Market Committee in the coming months.