Gerald Lucas Quotes (9 Quotes)

Pressure from bunds is working its way into the Treasury market. Bunds and Treasuries are moving hand in hand.

People are getting defensive, setting up for payrolls. We live from payroll to payroll, and the market fiddles around in between.

For the last two days Treasury prices have slowly been grinding higher and that was basically erased this morning in about 15 minutes after the durable goods data.

Whether that's bad news for the upcoming auctions depends on whether you take a cup-half-empty or cup-half-full perspective.

The Fed is erring on the side of fighting inflation and is willing to risk slower growth.

What they are doing is sending a signal they are no closer to the end of the tightening cycle than they were at the January meeting. We have little doubt that the new Fed is concerned about inflation and, probably more importantly, inflation expectations.

There will be fairly good demand for the 30-year bond.

There are some fears about inflation but people are even more concerned about what's happening in the corporate credit market.

He opened the door a little bit to a Fed pause, and to the chance that maybe the economy hasn't been quite as strong as he had been saying.