Richard Gilhooly (born 26 March 1979) is a New Zealand cricketer. He played in one first-class match for Wellington in 2005.[1] (wikipedia)
You could see two-year yields spiking up to around 5 percent before the Fed is done.
The (job) numbers were very good for the market. They reduce the probability that the Fed will tighten aggressively.
Greenspan will need to either confirm the 'patient' theory or ratchet up his view on jobs and the economy.
The statement following the meeting will be carefully scrutinized for any sign of future plans.
The market will be looking for him to confirm what was priced in last week: that the Fed will stop a little earlier than we had thought.
You have an economy that is mending itself with absolutely no inflation pressures.
Further flattening in the curve is likely ahead of two-year supply next week.
But certainly the numbers are weaker than expected, ... This is just one in a series of numbers which argues that the economy is decelerating rapidly.
There's no panic, most of the auction was hedged by dealers.
The (bond) market has a better tone to it.
