It was days ago Greenspan told Congress there was not a credit crunch in the economy.
More Quotes from William Sullivan:
The follow-through in the secondary market shows just how strong it was, ... a sense that people want to own this issue because it will appear on their year-end statements.William Sullivan
The market remains very defensive ahead of these key data releases.
William Sullivan
January could prove to be a very difficult month for bonds, just as December was. Long-term interest rates rose anywhere from 35 to 40 basis points last month, and we're obviously starting January on a very weak -- if not suspect -- note.
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
The big influence on bonds is stocks' ability to move higher,
William Sullivan
We're down for three reasons. One, we still have the overhang of supply associated with the February refunding auctions, which were not distributed that well. Two, the early gains in the Dow Jones industrial average have eliminated some support for Treasury.
William Sullivan
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