Although the overall number on GDP was very strong, it does appear that consumer spending is slowing a bit,
More Quotes from John Canavan:
At the long end, inflation remains remarkably tame because the Fed has been raising rates for an extended period of time.John Canavan
There's a remarkable respect for the Federal Reserve and their ability to fight inflation, and because of that it's going to be difficult to see any major near-term rise in long-term rates,
John Canavan
The June trade deficit was larger than expected which would suggest -- barring any other factors -- a small downward revision to second-quarter GDP growth,
John Canavan
The Fed's keeping rates on hold is a continual plus for the front end and the lack of inflation is what's keeping long rates low.
John Canavan
You have seen a pretty significant rise in open interest in the Treasury futures market since the middle of last month as prices have declined, suggesting a pretty substantial short base out there, so we've held our footing so far this week.
John Canavan
The auction went quite well. There was good interest from indirect bidders,
John Canavan
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