Pressure from bunds is working its way into the Treasury market. Bunds and Treasuries are moving hand in hand.
More Quotes from 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
He opened the door a little bit to a Fed pause, and to the chance that maybe the economy hasn't been quite as strong as he had been saying.
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There are some fears about inflation but people are even more concerned about what's happening in the corporate credit market.
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There will be fairly good demand for the 30-year bond.
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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.
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