We're pricing in a 90 percent chance that the Fed will cut (by half a percentage point).
More Quotes from Michael Boss:
There is just tremendous demand both for flight-to-quality reasons and because of these credit spreads.Michael Boss
I've heard horror stories about how illiquid the market for mortgage-backed securities is.
Michael Boss
I would suspect we'll go out with a whimper.
Michael Boss
The bottom line is it's difficult for a Treasury market to rally when the Fed has indicated they are not done tightening.
Michael Boss
It's the same thing day in and day out. There's nothing really new.
Michael Boss
The tolerance for risk is much lower. We are going to have a volatile week -- bottom line.
Michael Boss
Readers Who Like This Quotation Also Like:
Music is the refuge of souls ulcerated by happiness.Emile M. Cioran
Have you seen U2's live show? It's boring as hell. It's like watching CNN.
Sharon Osbourne
Happiness lies in the joy of achievement and the thrill of creative effort.
Franklin D. Roosevelt