Kim Rupert
Kim Rupert
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%.
auction came good
The auction came off pretty much as advertised -- it was good and strong.
expose kids might
It's important to expose kids to experiences they might not get in the classroom.
bullish data economy-and-economics given news seen strong surprising
Given some of the strong data we've seen lately, it's not surprising he's bullish on the economy. There's not a lot of new news in this.
economy economy-and-economics lost
That suggests the economy has lost some of its steam.
economy economy-and-economics generating grow increase normal pace rapid wage
Productivity, so far, has really enabled the economy to grow at a more rapid pace than normal without generating any kind of substantial increase in wage pressures.
gains opportunity selling
The post-auction gains were used as a selling opportunity.
aggregate growth katrina regional suspect
We suspect the FOMC will say that while Katrina had a devastating regional impact, aggregate growth should be only temporarily damped.
beforehand caused changes curve permanent seen shift subtle treasury week
What the Treasury has done has caused a significant, permanent shift in the way the curve is structured. We'd seen a lot of subtle changes beforehand but it was the announcement this week that really triggered the earthquake.
biased fact frame good leave near pause people rates slightly suggest time yield
The fact that he didn't suggest any time frame for a pause is going to leave rates biased slightly higher. People still think a yield near 4.7% on the long end is a pretty good deal.