The ECB has signaled that if there was any risk inflation expectations would run away, they would contain them. With this central bank rate-hike cycle, it may lead to a flat yield curve by April.
More Quotes from Kornelius Purps:
Yesterday's ECB press conference November 3, 2005 was great entertainment. Having not heard of Goethe very often in trading rooms as happened yesterday, here's my personal favorite from German philosopher Friedrich Nietzsche that sometimes describes life as a research analyststrategist Das habe ich getan, sagt mein Gedchtnis. Das kann ich nicht getan haben -- sagt mein Stolz und bleibt unerbittlich. Endlich -- gibt das Gedchtnis nach.Kornelius Purps
In all likelihood, the time when obscure statements from FED Chairman Alan Greenspan caused analysts to ponder about the message between the lines will be over as Bernanke is expected to increase transparency by choosing clear-cut language -- more transparency, but less fun.
Kornelius Purps
The ZEW indicator is at levels which previously have marked a high, and discussion will now start on whether the ECB will hike rates earlier than in March. This will put the front-end under pressure.
Kornelius Purps
We could get a mini rally for bonds from a weaker number because it goes against the big expectations for higher rates and stronger growth.
Kornelius Purps
It's becoming harder to believe that the ECB will only raises rates once with confidence high and policy makers sounding hawkish. The short end of the bond market will remain under pressure.
Kornelius Purps
It's yet more bad news for GM and we can't rule out the possibility of even worse to come. Given the big sell-off we've had in Treasuries, this is a good time to buy.
Kornelius Purps
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Based on Topics: Danger & Risk QuotesBased on Keywords: rate-hike, signaled
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I've learned that in order to achieve what I wanted, it made more sense to negotiate than to defend the autonomy of my work by pounding my fist on the table.
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All those days of waiting on tables until I could get a role on Broadway, all that time going to school taking lessons, and all those years of being a nobody following a dream-and now here it is.
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