Mike Ryan
Mike Ryan
bond fully meeting offer outcome statement
The outcome of the meeting is fully priced into bond prices. Only the (Fed) statement may offer intrigue.
above capital certainly concern consensus dependent dollar foreign friday gap reading trade weakness weigh
We're so dependent on foreign capital that, if you could see any weakness in the dollar it could come on Friday with the trade numbers. If we see a sharply above consensus reading for trade, there could be some concern about the sustainability of that trade gap and that could certainly weigh on the dollar.
associated cases close clusters dealing declaring exposure human nowhere pick potential small strain
What we're dealing with is small clusters of cases associated with exposure to poultry. We have a strain of influenza with the potential to pick up human genes, and we're nowhere close to declaring a pandemic.
awful bond broke corporate finally meeting next people period range setting sights supply target trading
We've been in this trading range between 5.375 and 5.75 (30-year bond yields) for a very long period of time, ... Then we finally broke out of that and the next target people are setting their sights for is 6 percent. We have a refunding this week, we have an awful lot of corporate supply and we also have next week's FOMC meeting approaching.
brought control looking months poultry six total
We are probably looking at six months to two years before some of these outbreaks can be brought under total control in the poultry population.