29 Quotes by John Canavan

At the long end, inflation remains remarkably tame because the Fed has been raising rates for an extended period of time.

Eliminate patronage and wasteful spending. Don't ask taxpayers to dig deeper into their pockets when some county employees, some venders and some suppliers have Joel in their back pocket.

Is the dollar importing inflation pressures? I think it remains to be seen.

It was a little stronger than expected, but the sentiment data really hasn't been a major issue here. We're really still reacting to the payroll data.

The sell-off has been sharp but not extreme. It did push the bond above 5 percent and that is going to be the psychological story taken away from all of this.

The story of the week has been the inverted yield curve. It's tough to read too much into the inversion. We may be more firmly inverted tomorrow after the psychological factor sets in. We can have an inverted curve and have it not lead to a recession. It depends on how much the curve becomes inverted and how long it remains there until we can talk about a recession.

The spread supply had been a factor weighing on the Treasury market and when the 10-year TIPS auction didn't go terribly well, that compounded the issue.

Although the overall number on GDP was very strong, it does appear that consumer spending is slowing a bit.

There's a remarkable respect for the Federal Reserve and their ability to fight inflation, and because of that it's going to be difficult to see any major near-term rise in long-term rates,