29 Quotes by John Canavan

There's been a continued series of hawkish comments from the Fed, and there's supply pressure with today's five-year auction. All of this is going to put downward pressure on Treasury prices.

It's still a hefty amount of supply and there will be pressure on the market.

Stocks were also under pressure and that helped out a little.

The auction went quite well. There was good interest from indirect bidders,

That just adds to everything that's going on Friday, so we're just stuck following oil and stocks until then.

The Fed's keeping rates on hold is a continual plus for the front end and the lack of inflation is what's keeping long rates low.

Initially we turned a little lower after the auction results, but in the end we turned a little higher. It just seems as if the market has been able to recover partially after the losses of the last two days.

The June trade deficit was larger than expected which would suggest -- barring any other factors -- a small downward revision to second-quarter GDP growth.

The flattening move of the curve has been accelerating. There was some substantial buying of the new 30-year bond and now we're seeing a reversal of that as recent interest has waned. This has caused a quick reversal of the inversion.