John Canavan Quotes (20 Quotes)

At the long end, inflation remains remarkably tame because the Fed has been raising rates for an extended period of time.

(Jobless) claims nobody is going to care about, housing completions nobody is going to care about, chain store sales people might eye a little bit,

Is the dollar importing inflation pressures I think it remains to be seen.

Over the short term Treasuries yields will head higher and prices lower based on the fact that economic damage from this hurricane is not as great as the worst fears had priced in.

There's a remarkable respect for the Federal Reserve and their ability to fight inflation, and because of that it's going to be difficult to see any major near-term rise in long-term rates,

Yes, the market developed a fear that employment would be stronger than it turned out to be, but it was still a pretty solid number, above economists' consensus forecast, so in general you're looking at recent economic numbers that have bond traders a little bit concerned.

The auction went quite well. There was good interest from indirect bidders,

The announcement today is just a small part of what's going on. We have been seeing a good and steady supply of issuance, and that's going to spook people a little bit from a supply perspective.

You have a Fed that is obviously going to move to 5 percent on May 10, while the majority of the recent data have surprised to the upside, and there is a growing perception the Fed may have to go even higher.

It gets the refunding off on the right foot, but it's still difficult to draw conclusions about how well the five- and 10-year note auctions will do based on the three-year auction.

Although the overall number on GDP was very strong, it does appear that consumer spending is slowing a bit,

The market is in a range trade and that situation is only getting more pronounced as we near the end of the year.

The Fed's keeping rates on hold is a continual plus for the front end and the lack of inflation is what's keeping long rates low.

The flattening move of the curve has been accelerating. There was some substantial buying of the new 30-year bond and now we're seeing a reversal of that as recent interest has waned. This has caused a quick reversal of the inversion.

You have seen a pretty significant rise in open interest in the Treasury futures market since the middle of last month as prices have declined, suggesting a pretty substantial short base out there, so we've held our footing so far this week.

The June trade deficit was larger than expected which would suggest -- barring any other factors -- a small downward revision to second-quarter GDP growth,

What really drove the two-year to the high yield of the day was the two-year note auction, and the Beige Book didn't do anything to help.

We're looking at a Fed that's going to tighten in March. There's a clear suggestion we're going to see further declines in the two-year note going forward even if it's not in the next week or so.

The story of the week has been the inverted yield curve. It's tough to read too much into the inversion. We may be more firmly inverted tomorrow after the psychological factor sets in. We can have an inverted curve and have it not lead to a recession. It depends on how much the curve becomes inverted and how long it remains there until we can talk about a recession.

If yields are rising over there, they provide a better investing opportunity.