Talk from the Trenches

  • 2012-09-11 15:46


    NEW YORK, Sept 11 (MNI) - Tuesday dawns, and I think it's going to be just another day in the financial markets: What will the German Court decide about the European Stability Mechanism on Wednesday? What will the Federal Reserve do on Thursday?

  • 2012-09-10 16:25


    NEW YORK, Sept 10 (MNI) - The Treasury market held in a remarkably tight range Monday with no one to put on any more big bets ahead of this week's Federal Reserve Open Market Committee meeting.

  • 2012-09-07 15:00


    NEW YORK, Sept 7 (MNI) - All the "feel good" news that was priced in on Thursday was quickly reversed Friday as U.S. nonfarm payrolls did indeed come in as "stinker."

    The Treasury 10-year rose in yield from 1.59% on Wednesday to 1.67% on Thursday as a long string of good news hit the

  • 2012-09-06 15:03


    NEW YORK, Sept 6 (MNI) - The Treasury market traded sharply lower Thursday and now the stakes for Friday's nonfarm payrolls report are even higher.

    The 10-year note hit a high yield of 1.678% Thursday vs. its closing level of 1.594% on Wednesday and its intra-day low yield of 1.55% also on

  • 2012-09-05 14:49


    NEW YORK, Sept 5 (MNI) - The Treasury market pulled back slightly in the long-end Wednesday but it could best be characterized as short term position jockeying as people wait for more important events.

    The 10-year Treasury note reached an intra-day low yield of 1.55% in London time Wednesda

  • 2012-09-04 16:19


    NEW YORK, Sept 4 (MNI) - The Treasury market continued to do better Tuesday due to a series of weak economic data releases -- but then the onslaught of dollar-denominated corporate bond supply finally took its toll on prices.

    The 10-year Treasury note was hit down in Asian trading late Mon

  • 2012-08-31 13:59


    NEW YORK, Aug 31 (MNI) - While Federal Reserve Chairman Ben Bernanke did not say so explicitly on Friday, his remarks gave the markets reason to believe more action from the Fed is likely to come in the future.

    The only thing the Street is unsure of is the timing.

  • 2012-08-30 16:01


    NEW YORK, Aug 30 (MNI) - The long wait to hear what Federal Reserve Chair Ben Bernanke will say at the Kansas City Fed symposium on Friday is finally nearing an end.

    And, for once, the Street has very little idea what he will say. If he says anything at all.

  • 2012-08-29 15:14


    NEW YORK, Aug 29 (MNI) - There is no fancy or roundabout way of saying "there is nothing going" on in the financial markets.

    Wednesday was another dull day in the financial markets, but there was a $35 billion 5-year Treasury auction and a few economic data releases to break up the bor

  • 2012-08-28 16:19


    NEW YORK, Aug 28 (MNI) - It was another quiet day in the financial markets but at least there was some economic data for people to digest.

    The August Conference Board Consumer Confidence fell to 60.6, a low since November 2011), from 65.4 in July. Expectations fell to 70.5 from 78.4 and the