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.
cut developing last late market negatively potential questions rate regarding seems speech tenor treasury week
There were questions developing in the market late last week regarding the tenor of Greenspan's speech ... (and) it seems as if the potential that there won't be a rate cut is weighing negatively on the Treasury market.
change last monetary policy
indicating this may be the last change in monetary policy for a while.
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The Fed has more or less backed away from this pre-emptive approach that they talked so much about in recent months. In fact, the Senate could say that Alan Greenspan & Co. caved in to the political criticism on Capitol Hill that we saw emanate over the last few weeks,
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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.
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Today the collective wisdom is that the economy will improve in the not-too-distant future, and that's hostile for bonds because it suggests that the Fed is done easing monetary policy and that financial markets may confront some interest-rate pressures as the economy improves and borrowing re-accelerates.