14 Quotes by Michael Cloherty

Concern about deflation makes bonds look good relative to stocks.

The statement was that it markedly diminished the risks of inflation picking up. So, you know, a very positive statement from the Fed. But I think that, still, the risks are that the economic data could come in a little bit stronger than expected and force the Fed's hand one more time.

You should see bonds trading a little bit higher on this because there's a bit more slowdown in it than we were anticipating.

It's an extremely strong start to the first quarter. We've had pressure on the market for a while. This maintains that pressure.

The underlying news is suggesting some continued strength in the economy. There's nothing to suggest any change from the Fed. Rates are going higher.