William Sullivan
William Sullivan
anywhere basis december difficult interest january last month obviously points prove rates rose starting suspect weak
January could prove to be a very difficult month for bonds, just as December was. Long-term interest rates rose anywhere from 35 to 40 basis points last month, and we're obviously starting January on a very weak -- if not suspect -- note.
basis cut fed full interest percentage points rate rates
If the unemployment rate is weak, look for the Fed to cut interest rates by a full 50 basis points (half a percentage point).
cut decline doubt interest provides rate
There's no doubt that this rate cut and interest rate decline provides liquidity,
foreign indirect interest managers match pension percent pressure reservoir worldwide
There was a big reservoir of foreign interest -- 65.4 percent went to indirect bidders. That is overwhelming and underscores the pressure worldwide for pension managers to better match their unfunded liabilities.
beginning exert indeed influence interest rates sector shows
It shows that the upturn in interest rates is indeed beginning to exert an influence on this rate-sensitive sector of the economy.
confidence consumer early high holding late levels peak spirits spring witnessed
I think what this may show is that we may have witnessed the peak levels of consumer confidence in the late spring and early summer. But it confirms that you do have spirits holding at a high level.
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Research finds that green space produces consistently positive impact of less aggressive behavior, thus helping reduce violence. A community reading garden helps create positive effects. There should be hundreds of thousands of reading gardens all over the country.
equity retreat total yields
The only thing that can take yields down is a total retreat in equity prices.
across selling steady
Liquidation, liquidation, and more liquidation, ... It's a steady drumbeat of selling across the curve.
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I think right now the stock market is very comfortable with the benchmark 30-year-bond trading at between 6.5 and 7 percent. But if we start moving that range up to 7.25 and above, that could really be a major speed bump in the way of the stock market.
news seem seems
It doesn't seem to be news-related, it seems to be more technical.
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We knew the economy slowed down, and there was evidence from some of the monthly price statistics that inflationary pressures diminished during the period.
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There are a lot of people who are tremendously overextended and we're now getting down to a level to where these margin calls are massive, ... The calls are going out right now.
bond downward move seen unusual
We have seen what is historically very unusual downward move on bond prices.