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Letter "T" » Tony Crescenzi Quotes
«Greenspan's comments underscore the notion that the Fed believes productivity is growing strong enough to allow the economy to grow at a faster pace without inflation,»
«[Analysts considered the 30-year bond's gains a correction, noting the market's oversold condition.] The long end (longer-dated maturities) had gotten oversold, ... Technical indicators suggested it was due for a turnaround.»
«The potential for large market movement following Greenspan's testimony is high, given past reactions,»
«His comments regarding productivity looked like copyright infringements from his old speeches,»
«The Fed's beige book contains a little something for both the bull and bear camps but has a marginally negative tone to it,»
«In light of today's $500 billion wealth loss in the stock market, it is rational to begin thinking about an endgame to the Fed's rate hike phase, ... At the very least, recent developments tell us that the Fed's actions have finally reached a critical breaking point that limits the scope for significant rate hikes going forward.»
«The market was looking for $37 billion, ... This continues the Treasury's effort to reduce the level of issuance.»
«The broad nature of the gains are what pose the greatest risk to the bond market, ... It now appears that the economy is firing on all cylinders and the inference from this is that the economy has seen almost no slippage from the Fed's four interest rate increases.»
«The refunding results show that the market's assessment of underlying (economic) fundamentals is that they are still bearish, ... Therefore, the market's overall downward trend is intact.»
«The bond market remains quite bearish. The economic news did not change anyone's mind about the Fed raising rates,»

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