22 Quotes by David Ader

Without the benefit of data or issuance, the impetus to extend those gains is limited.

Without more critical information, people are not going to be willing to push it. I don't think the market has been short enough or bullish enough to push this rally further.

We cannot take solace from these figures as the upward revision to the core PCE deflator takes the year-on-year rate to 1.9 percent, up against the Fed's outer boundary.

Does anyone seem impressed that tens got to 4.99 percent and failed to print a 5 percent handle? Apparently not. There was hardly a momentum rejection, rather a yawn.

Corporate issuance will continue to be a major factor (in the Treasury market) in the weeks ahead with estimates ranging from $40 billion to $60 billion over the next month.

These are ugly numbers for bonds. I have been calling for 10-year yields to move back above 4.6 percent.

The suspiciously absent real money buyers, that were expected to step in and buy as yields backed up, have finally emerged -- supporting our view that we are near a temporary floor.

The suggestions provide framework of how to change our culture. We are going through semester plans and are trying to figure out how to use the suggestions.

This is big news. People sort-of thought it was inevitable, but it's still come sooner than many expected.