Demand for this credit is huge, and it shows you how much cash is sitting on the sidelines.
More Quotes from William Sullivan:
We're down for three reasons. One, we still have the overhang of supply associated with the February refunding auctions, which were not distributed that well. Two, the early gains in the Dow Jones industrial average have eliminated some support for Treasury.William Sullivan
There's no doubt that this rate cut and interest rate decline provides liquidity,
William Sullivan
It was a little disappointing, but it is so expensive that there may be a lot of people holding onto their money for the 10-year and 30-year starting tomorrow.
William Sullivan
If the unemployment rate is weak, look for the Fed to cut interest rates by a full 50 basis points (half a percentage point).
William Sullivan
There's a lot of optimism that this stimulus is going to work.
William Sullivan
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