“People overall feel a little bit better about what they're seeing in the economy, so more people are leaning towards a 25-basis-point cut as opposed to 50,”
“They're going to be borrowing more money at the shorter part of the yield curve. Is that going to push short-term rates higher? It's pretty fair to say that's going to happen.”
“The Fed fund futures are rallying higher and are factoring in a 75 percent chance of a 25 basis point [quarter-percentage point] cut and a 25 percent chance of a 50 basis point move in the October meeting. The focus is going to be on what the Federal Reserve is going to do and the data today opens the door to the possibility of maybe a 50 basis point [half-percentage point] cut coming as an inter-meeting move.”
“They've been moving in this direction for a couple of years, reducing the size and frequency of 30-year auctions. The big surprise is the timing, not the act itself. It happens in front of a couple of years where it looks like we'll be running deficits.”
“The 30-year bond is being hurt a little bit by fears of increased government spending, no more surplus, deficit spending. But what has mitigated the losses a little bit today is the fact that oil is down so much.”
