John Canavan Quotes

Yes, the market developed a fear that employment would be stronger than it turned out to be, but it was still a pretty solid number, above economists' consensus forecast, so in general you're looking at recent economic numbers that have bond traders a little bit concerned.

- John Canavan

Tags

Market | Developed | Fear | Employment | Stronger |

comments powered by Disqus

Random

Initially we turned a little lower after the auction results, but in the end we turned a little higher. It just seems as if the market has been able to recover partially after the losses of the last two days. - John Canavan

The economic data were mixed, but then we got some pre-weekend short-covering and maybe some minor month-end buying. - John Canavan

The flattening move of the curve has been accelerating. There was some substantial buying of the new 30-year bond and now we're seeing a reversal of that as recent interest has waned. This has caused a quick reversal of the inversion. - John Canavan