At this juncture, it would be difficult to attract strong demand, especially for 30-year maturity. It will trigger higher yields in 10-year securities.
More Quotes from Hidehiko Maejima:
Sentiment is building that the Fed may pause for a while after raising rates to 5 percent next month. That helps shorter-maturity debt, especially two-year notes.Hidehiko Maejima
The economic picture has not changed and it is still one that shows growth will be strong. The data we are seeing does not argue for a sustainable decline in yields.
Hidehiko Maejima
The inflation data we will see this week and next will support the view the Fed can keep on hiking at the next two meetings. Yields will rise led by the shorter-maturity debt.
Hidehiko Maejima
The current fed fund rate of 4.50 percent seems to be serving as a floor for the 10-year yield.
Hidehiko Maejima
Readers Who Like This Quotation Also Like:
Based on Topics: Maturity QuotesIt takes time for the absent to assume their true shape in our thoughts. After death they take on a firmer outline and then cease to change.
Colley Cibber
Observation more than books and experience more than persons, are the prime educators.
Amos Bronson Alcott
What men value in this world is not rights but privileges.
H. L. Mencken