There's no doubt the market is on the defensive and is preparing for what appears to be inevitable. A rate hike at the August policy meeting later this month.
More Quotes from William Sullivan:
I heard like a 'pop-pop noise and all of a sudden about three seconds later, the ticket counters were telling us to either hit the deck or they grabbed us and pulled us into the back room.William Sullivan
There were questions developing in the market late last week regarding the tenor of Greenspan's speech ... (and) it seems as if the potential that there won't be a rate cut is weighing negatively on the Treasury market,
William Sullivan
The real worry is that this report will limit the degree of Federal Reserve easing down the pike.
William Sullivan
I'm afraid we're not taking account of how foreign investors view this. That puts U. S. leadership at risk. I wouldn't rule out a sharp fall in the dollar.
William Sullivan
There was a big reservoir of foreign interest -- 65.4 percent went to indirect bidders. That is overwhelming and underscores the pressure worldwide for pension managers to better match their unfunded liabilities.
William Sullivan
The claims numbers are suggesting that the worst of the labor market conditions are behind us and that there's actually some modest improvement in relative terms as the year comes to a close,
William Sullivan
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