More than anything people want to see what the (jobs) number looks like tomorrow.
More Quotes from Bill Hornbarger:
Oil prices, I think, are something to keep an eye on. So far, they have not influenced the inflation data to the point where we think it should be too troubling to the bond market but if prices go a little higher, if they stay up here. I think it's something we'll have to keep an eye on.Bill Hornbarger
It's a good move. It flattens the yield curve and brings long-term rates down.
Bill Hornbarger
I think he (Greenspan) made it very clear the Fed is still in a tightening mode.
Bill Hornbarger
Higher gold prices are one of the things fanning fears that monetary policy is still too easy and inflation is a bit of a problem.
Bill Hornbarger
Obviously the data today was very supportive of bonds. The unemployment report caught everyone by surprise. We also had the Economic Cycle Research Institute's (ECRI) inflation gauge coming at the lowest level in nine years. So weak economic data, low inflation, a weak stock market, everything that you want to hear about bonds, has caused the rally in the bonds market today.
Bill Hornbarger
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