Michael Boss Quotations

We're still trading on the defensive and seeing more selling. As it appears, this second-quarter slowdown could be a mirage.

We're pricing in a 90 percent chance that the Fed will cut (by half a percentage point).

I would suspect we'll go out with a whimper.

I think the big question on traders' minds now is: is this the beginning of the end? Is this the end of this long run-up?

There is just tremendous demand both for flight-to-quality reasons and because of these credit spreads.

The traders are for the most part are out. So we're just biding out time.

The tolerance for risk is much lower. We are going to have a volatile week -- bottom line.

Things are still looking pretty good, and the economy seems to be slowing down, right into the Fed's hands.

The shorter end of the U.S. yield curve is holding a fairly nice firm tone.

The bottom line is it's difficult for a Treasury market to rally when the Fed has indicated they are not done tightening.

It wasn't on the fly, screaming demand. The overriding factor is what the global economic situation is -- and it is tenuous at best.

It's the same thing day in and day out. There's nothing really new.

It's been a long bull run with yields lower, and we're just seeing a few chinks taken out of the bond market's armor.

I've heard horror stories about how illiquid the market for mortgage-backed securities is.