There will be fairly good demand for the 30-year bond.
More Quotes from 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.Gerald Lucas
The Fed is erring on the side of fighting inflation and is willing to risk slower growth.
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
People are getting defensive, setting up for payrolls. We live from payroll to payroll, and the market fiddles around in between.
Gerald Lucas
What they are doing is sending a signal they are no closer to the end of the tightening cycle than they were at the January meeting. We have little doubt that the new Fed is concerned about inflation and, probably more importantly, inflation expectations.
Gerald Lucas
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