indicating this may be the last change in monetary policy for a while.
More Quotes from William Sullivan:
It was a little disappointing, but it is so expensive that there may be a lot of people holding onto their money for the 10-year and 30-year starting tomorrow.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 Fed has more or less backed away from this pre-emptive approach that they talked so much about in recent months. In fact, the Senate could say that Alan Greenspan Co. caved in to the political criticism on Capitol Hill that we saw emanate over the last few weeks,
William Sullivan
The retrenchment in equities will undoubtedly affect the economy later in the year. This is not just a correction, it's an economic event that could affect consumer confidence and consumer spending down the road, leading to a more pronounced slowdown than the Fed is currently factoring in.
William Sullivan
It doesn't seem to be news-related, it seems to be more technical.
William Sullivan
Today the collective wisdom is that the economy will improve in the not-too-distant future, and that's hostile for bonds because it suggests that the Fed is done easing monetary policy and that financial markets may confront some interest-rate pressures as the economy improves and borrowing re-accelerates.
William Sullivan
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