16 Quotes by George Goncalves

Let's take it one step at a time. Let's take the 30-year and see how that goes. We haven't had such long- duration assets in five years, so let's not go from one extreme to the other.

Mortgages were super, super rich in February. It made sense for them not to increase their portfolio using mortgages, but they did increase it, and it was mostly floating-rate type products, mortgage-related securities and those kind of asset-backed products.

Mortgages had been richening up for the bulk of the beginning of year.

Now, with the inflation numbers, there are some worrying about Fed credibility, worried maybe that they're falling behind the curve.

People were thinking that, if the oil refineries take a direct hit, energy prices would shoot up and it would have a bigger impact on the economy.

It brings it back to oil. As long as energy is making new highs, Treasuries will rally.

Traders normally try to use the supply story to push rates higher.

We're recommending investors stay short because we think there's more movement to the downside.

We had a relief rally on the back end yesterday (Thursday), and it's carrying through to today.