Sadakichi Robbins
Sadakichi Robbins
break curve europeans hard market threw tried
The market tried so hard to break 3.90 (percent), but the Europeans threw in a curve ball.
bit consensus employment looking market number numbers previous shops softer
I would say the market has been a bit sanguine about Friday's employment report, the consensus being 125,000, with a number of big shops looking for softer numbers than consensus than in the previous two months.
heavy held range several supply trading
It's been heavy supply now for several days. We've got a trading range that we've held to very tightly.
move people reading
People are reading a lot into this move that really isn't justified.
bid chunk guess modest oil percent range stuck took
We are still kind of stuck in this 4.67-4.77 percent range and I guess the reversal in oil is what kind of took a chunk out of equities and resumed a modest bid in bonds.
indirect jump maybe none scared surprise turned usual
The real surprise is that none of the usual indirect bidders turned up. Maybe they were scared away by the jump in direct bidding (Wednesday).