Tony Crescenzi
Tony Crescenzi
feeling true underlying
If you want to asses the market's true feeling about underlying (economic) fundamentals, you have to look at the 10-year and under.
ahead congress greenspan market moving saying speeches
Greenspan usually refrains from saying anything market moving ahead of speeches before Congress,
combined confidence critical either gold greenspan high inflation might push value words
Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,
grips market notion stocks treasury
The Treasury market has come to grips with the notion that stocks have recovered,
demand quite tips
The bidding was quite aggressive. TIPS are well in demand these days.
aggressive fallen touch view
The market's view about aggressive tightening has fallen just a touch because of the Dow drop,
although excuse federal highly officials recent seems signal
It's an excuse to consolidate recent losses, although it seems highly implausible that federal officials would want to signal their plans, through any channel.
attention pay people purchases strips timely
Buffett has made timely purchases of STRIPS in the past, so people pay attention
bonds buy current environment factors oil players prices pushing reflection security
This just is a reflection of the current environment with oil prices rising, security concerns. All of these factors are pushing players to buy bonds over stocks.
attitude bank cut feeble growth led money percent rate shows slow supply weak
The Bank of Japan's feeble 10 basis-point rate cut to 0.15 percent shows the head-in-sand attitude that has led to weak money supply growth and a slow economy.
built move point quarter
A quarter point move is already built in to the market. It wouldn't have any impact.
appear concern degree inflation minutes risks smaller
The minutes appear to show a smaller degree of concern about inflation risks than some may have feared,
changes follow possible tends treasury
The Treasury tends to follow through with changes in new issuance when it forewarns of possible changes,
bearing bonds capital competition factors inflation influence interest large levels monetary rates structure supply yield
The supply of bonds won't have a large bearing on the yield levels or the structure of the yield curve, ... The influence on interest rates will come more fundamental factors such as inflation expectations, competition for capital and monetary policy.