24 Quotes by Kim Rupert

The post-auction gains were used as a selling opportunity.

What the Treasury has done has caused a significant, permanent shift in the way the curve is structured. We'd seen a lot of subtle changes beforehand but it was the announcement this week that really triggered the earthquake.

Given some of the strong data we've seen lately, it's not surprising he's bullish on the economy. There's not a lot of new news in this.

We suspect the FOMC will say that while Katrina had a devastating regional impact, aggregate growth should be only temporarily damped.

I think were just having a little short-covering ahead of the weekend. We often see a bit of bottom-fishing when the yield is around 4.5%.

Our view is very optimistic. We believe that the tight yield curve is the result of the Fed's continued tightening. We are expecting economic growth of 4% much of this year. That is far from a recession.

That suggests the economy has lost some of its steam.

The fact that he didn't suggest any time frame for a pause is going to leave rates biased slightly higher. People still think a yield near 4.7% on the long end is a pretty good deal.

We all anticipated it would come to an end at some point, but we weren't sure if it would moderate or crash. It now looks like it crashed, but that more than likely means we'll see more moderate and realistic growth as people re-apply more traditional methods of financing. That should make the case for moderate, non-inflationary growth in 2000.