Michael Woolfolk Quotes

We see that elevated oil prices and a continued Asian central bank intervention ensures that foreign demand for U.S. treasuries remains strong during January.

- Michael Woolfolk

Tags

Elevated | Prices | Continued | Asian | Central |

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The reason why an inverted yield curve need not foreshadow recession this time is that it is foreign investors and not domestic investors who are increasingly buyers of U.S. bonds. - Michael Woolfolk

February's data support the view that the U.S. labor market remains strong, particularly on the services side, with unemployment solidly below the 5% level. The Fed is likely to continue raising rates for the foreseeable future. - Michael Woolfolk

This has had a psychological effect on the markets. For those of us left in the office, we're just watching to see just how high the 10-year will go today. - Michael Woolfolk