18 Quotes by Gerald Lucas

There is some rate-locking going on, and that's pushing the market lower.

What they are doing is sending a signal they are no closer to the end of the tightening cycle than they were at the January meeting. We have little doubt that the new Fed is concerned about inflation and, probably more importantly, inflation expectations.

Pressure from bunds is working its way into the Treasury market. Bunds and Treasuries are moving hand in hand.

There will be fairly good demand for the 30-year bond.

There is very much of a flight to quality, although by now financial markets are settling down a bit.

It will be hard for him to give guidance, because the Fed is not certain as to exactly where they are going and they are very data-dependent.

The Fed is erring on the side of fighting inflation and is willing to risk slower growth.

If I had $100 million to put into a single Treasury coupon security, I would be defensive and invest in two-year notes. Rates are going up, and there's less risk in the two-year.

He opened the door a little bit to a Fed pause, and to the chance that maybe the economy hasn't been quite as strong as he had been saying.