People are getting defensive, setting up for payrolls. We live from payroll to payroll, and the market fiddles around in between.
More Quotes from Gerald Lucas:
The Fed is erring on the side of fighting inflation and is willing to risk slower growth.Gerald Lucas
Pressure from bunds is working its way into the Treasury market. Bunds and Treasuries are moving hand in hand.
Gerald Lucas
There are some fears about inflation but people are even more concerned about what's happening in the corporate credit market.
Gerald Lucas
For the last two days Treasury prices have slowly been grinding higher and that was basically erased this morning in about 15 minutes after the durable goods data.
Gerald Lucas
Whether that's bad news for the upcoming auctions depends on whether you take a cup-half-empty or cup-half-full perspective.
Gerald Lucas
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Based on Topics: People QuotesBased on Keywords: fiddles
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