When there is a weak auction, it sometimes means investors will step aside and wait for deals in the secondary market,
More Quotes from Tony Crescenzi:
The news coverage on today's jobs data will likely be immense, and this will in a sense pummel the consumer with bad news.Tony Crescenzi
Policy makers want to make sure in the language of their statement that whatever they do, it's meant as insurance -- they don't want to create alarm about the state of the economy, but they also don't want to create alarm in the bond market about the end of accommodative policy,
Tony Crescenzi
The Fed is hanging onto its long-term view. Some will say this is just excessive optimism.
Tony Crescenzi
There is a revival in global growth now underway that is lifting the U.S. manufacturing sector and hence, commodity prices and wages.
Tony Crescenzi
Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,
Tony Crescenzi
The jump in confidence is almost certainly due to improved perceptions about the war with Iraq as well as reduced anxieties over the outcome, ... high frequency indicators.
Tony Crescenzi
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