Bonds are well bid on the theory that this will slow down the U.S. economy,
More Quotes from Andrew Brenner:
Not a good-looking two-year auction.Andrew Brenner
Ten-year notes should trade above 5 percent this week.
Andrew Brenner
People are very scared of the employment number tomorrow.
Andrew Brenner
There's nothing positive to be said about it. What's happening now is foreigners are looking to buy higher yielding paper, including agency and corporate debt.
Andrew Brenner
It does not look like they will stop tightening in the near term. Those of us that thought they would stop at 4.75 percent will be looking at 5 percent in May.
Andrew Brenner
Readers Who Like This Quotation Also Like:
America is rather like life. You can usually find in it what you look for. It will probably be interesting, and it is sure to be large.E. M. Forster
The Constitution preserves the advantage of being armed which Americans possess over the people of almost every other nation where the governments are afraid to trust the people with arms.
James Madison
Armaments are necessary - or are maintained on the pretext of necessity - because of a real or an imagined danger of war.
Ludwig Quidde