I think were just having a little short-covering ahead of the weekend. We often see a bit of bottom-fishing when the yield is around 4.5.
More Quotes from Kim Rupert:
Productivity still remains really solid, and one of the hallmarks of this whole expansion. If we can hang on to that I think the perception of where we're going in the market could change dramatically.Kim Rupert
The fact that he didn't suggest any time frame for a pause is going to leave rates biased slightly higher. People still think a yield near 4.7 on the long end is a pretty good deal.
Kim Rupert
People don't see a lot of value in a 10-year note that currently is yielding above the Fed funds rate but will not be in a week.
Kim Rupert
I don't put a lot of faith in the month-to-month swings in the trade data, but we had expected a modest widening in the gap. This narrowing will feed into a little bit more positive reading to second-quarter GDP.
Kim Rupert
The yield curve remains steady ... indicating that the upside inflation risk appears to be canceled out by Fed vigilance for now.
Kim Rupert
Our view is very optimistic. We believe that the tight yield curve is the result of the Fed's continued tightening. We are expecting economic growth of 4 much of this year. That is far from a recession.
Kim Rupert
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Based on Topics: Weekends QuotesBased on Keywords: bottom-fishing, short-covering
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