We have been trading on the low side but, ahead of the CPI Consumer Price Index number tomorrow, bonds have already moved pretty sharply over the past couple of weeks. The perception is that there's not a whole lot of upside and the CPI number isn't going to give the market much in the way of legs.
More Quotes from Mike Ryan:
It's very important we remain calm about worst-case scenarios,Mike Ryan
There's no smoking gun and there's no reason for them to go changing rate policy right now.
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We feel our hospital is the employer of choice in Beaufort County, even in the entire region. Still, in this environment, you've got to do anything you can to properly and effectively recruit. It takes skill.
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Spreads have come back a bit. We're starting to see demand for credit issues as well, and I think it's a positive development.
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I think what the Fed really did today is they kept the door open for further cuts.
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It's not that he stepped into the lineup and won games by himself. But he allowed us to move things around. He can play the point on the power play, he kills penalties and is in terrific shape so he can double shift and that messes up the line combinations for the other team.
Mike Ryan
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