Kim Rupert
Kim Rupert
data durable goods initially lower news weak yield
The yield initially knee-jerked lower on the weak durable goods data and the Saudi news.
appears curve fed inflation remains risk steady upside vigilance yield
The yield curve remains steady ... indicating that the upside inflation risk appears to be canceled out by Fed vigilance for now.
cut rate size sloppy
There's enough uncertainty about the size of the rate cut to make it a pretty sloppy auction.
market sleep
The market is kind of in sleep mode.
market seeing
The market is just seeing it for what it is.
ahead bit yield
I think were just having a little short-covering ahead of the weekend. We often see a bit of bottom-fishing when the yield is around 4.5%.
car fed last october question reported sales strong
After the strong October car sales that were reported last week, it wouldn't be out of the question that the Fed would think things are improving.
bit expected faith feed modest positive reading swings trade widening
I don't put a lot of faith in the month-to-month swings in the trade data, but we had expected a modest widening in the gap. This narrowing will feed into a little bit more positive reading to second-quarter GDP.
believe continued curve economic expecting far growth result tight view yield
Our view is very optimistic. We believe that the tight yield curve is the result of the Fed's continued tightening. We are expecting economic growth of 4% much of this year. That is far from a recession.
again begin data looking means stuff terms
We're going to be getting back to normal, with a lot of the panicky stuff dissipating. We're going to begin looking at the data again and what it means in terms of the Fed.