19 Quotes by John Spinello

There's a re-evaluation of the economic landscape that makes people willing to sell, but there's not a lot of people ready to buy right now.

The auction came in right at the market; there was moderate interest, nothing spectacular, but at 1.50 percent (50 basis points above the cost of carry) you can expect that.

It's been fairly quiet and we haven't seen a lot of buying; the market is getting positioned for the Fed on Wednesday.

The volatility that we're seeing is ... (because) greater than 50 percent of the activity is program trading. The swings are really violent.

After the stronger report on manufacturing from the New York Fed yesterday, it definitely reinforces the fact that the economy is doing better.

Investors are still picking up some paper. Yields were bid up last week (but) refunding starts tomorrow . . . the market may be weak going into the flow of supply.

Inventory rebuilding may have begun, with inventories up for the first time in many months. It's probably an indication that you're leaning toward a higher GDP and another sign of the recovery.

The home sales data were on the firm side and yet we didn't see any selling when they came out. We had come close to the low (prices) of Friday's session and couldn't go lower, so that caused a bit of short-covering.

The chain stores sales data is coming in a little bit weak and oil prices are up. That's positive for the bond market, negative for the economy.