This report did very little to make the case for a June rate hike, the data today really underscores our view that the Fed will want to see more data before hiking rates further. Gennadiy Goldberg More Quotes by Gennadiy Goldberg More Quotes From Gennadiy Goldberg It seems to be fairly well contained so far. Gennadiy Goldberg money It could be that foreign investors rotated away from Treasuries in January and bought agencies, for instance, to get a higher yield. Gennadiy Goldberg company-news There was a lot of safety buying in January because of concerns on global growth and the U.S.-China trade deal. Gennadiy Goldberg company-news For the most part, the specter of trade wars is still really weighing on risk here and that's what's keeping Treasuries better bid. Gennadiy Goldberg company-news The remarks from last week from central bankers and the ISM data from today help continue to pressure rates higher, and if we do get a solid number on Friday, that could keep the sell-off going. Gennadiy Goldberg company-news The move lower in rates has just been absolutely relentless, and even long-standing bond bulls have been surprised by how quickly we moved to this level, there’s definitely an element of the unknown about what the extent of the actual contagion is from Brexit. Gennadiy Goldberg company-news Market pricing for upcoming rate hikes is certainly being supported by the stronger April personal income and spending numbers this morning, if the Fed is really data-dependent and looking at growth momentum, these numbers would do very well for GDP (gross domestic product) tracking and that's helping push yields higher. Gennadiy Goldberg company-news After such a strong move there are a lot of investors trying to get their bearings on where things go next, we'll see whether Dudley actually lets the higher pricing for June stand or whether he tries to lean against, but it's tough for investors to see where the next move in rates is going without seeing what the remarks from Dudley will be. Gennadiy Goldberg company-news If anything, this should go a long way in reassuring markets that the U.S. is n’t headed towards a recession, this pretty much goes to support the fact the U.S. economy continues to grow and The Fed can raise rates. Gennadiy Goldberg top-news If anything, this should go a long way in reassuring markets that the U.S. isn't headed towards a recession, this (jobs report) pretty much goes to support the fact the U.S. economy continues to grow and the Fed can raise rates. Gennadiy Goldberg company-news We're still trading off the global risk tone ... everything's moving off the oil complex. Gennadiy Goldberg company-news The mood in the market is very much 'sell today, ask questions later' which is a boost for Treasuries and that flight to safety is led by fear. Gennadiy Goldberg company-news There's a broad array of factors driving investors into Treasuries from fear about European banks, worries about financial market contagion and the possibility that you have financial weakness leading to perhaps a full-blown recession. Gennadiy Goldberg company-news The underlying focus is still on oil because people are looking at the transmission mechanism to the real economy of lower oil prices, lower oil prices are maybe great for the consumer, but not unilaterally good for the U.S economy. So you're seeing a bond market reaction to lower oil prices. Gennadiy Goldberg company-news The gain in income should prove a tailwind to fourth-quarter GDP growth as consumption remains the most prominent driver of domestic growth activity. Gennadiy Goldberg top-news Given how much they are part of the fed funds market, they are going to be pretty critical in helping the Fed. Gennadiy Goldberg company-news The low inflation profile will certainly keep the Fed communicating a gradual glide path, but little in the July CPI report suggests that hikes should be delayed. Gennadiy Goldberg most-read-articles There is little in the current report to signal a nefarious acceleration in the deflationary impulse. Gennadiy Goldberg most-read-articles What it means is that inflation could be more problematic down the road, but we haven't seen it yet. It's something to think about long term. Gennadiy Goldberg top-news The confidence is starting to rise about a rate hike, you want to be compensated for at least one hike. Gennadiy Goldberg business
