Alan Rose Quotations

We're just marking time before the Fed meeting.

He is going to dance around the weeds a little bit, calling for the Fed to be data-dependent.

We've got the new homes number coming out, but the market is a little oversold right here.

You got a little bit of buying because of the non-defense capital orders ex-aircraft, but now there's not much going on. There are really no flows.

Everything points to a moderation in the economy, which points to the Fed closer to being finished. The front end of the market has some value here.

The whole refunding should go reasonably well. Yields are still 15 to 17 basis points higher than they were two weeks ago, so that's part of the (price) concession.

The whole refunding should go reasonably well. Yields are (about 20 basis points) higher than they were two weeks ago, so that's part of the (price) concession.

People who had been buying the front end and selling the back now have trades they don't like.

People are thinking he's going to drive funds higher than is currently priced into the market. He's going to drive this curve to a pretty deep inversion.

There's a long-duration triple-A asset about to come to market, and there are a lot of folks domestically and internationally who need long-duration triple-A assets.

It's the fear there's going to be a mad rush for the exits in the equity market: that's what generates the interest in Treasuries.

It's a very early indicator of a slowing economy. Historically when the Fed gets into a tightening cycle, they inevitably tighten a bit more than they should, and that slows the economy.

The economic numbers are still relatively strong except for housing, and ultimately that will have some impact.

The market was at pretty lofty levels and needed good news to stay at those levels and we didn't get it.

The market is just a little bit sold out -- in the bigger picture I don't think anything has changed today.

The market is a little bit oversold, and that is really the bottom line.

The long end was getting a little heavy.