This is big news. People sort-of thought it was inevitable, but it's still come sooner than many expected.

270

Without the benefit of data or issuance, the impetus to extend those gains is limited.

251

We deem this action representative of a market that has lost the flurry of last week's panic buying and instead is rethinking its view as to the near-term motivation of the Fed and the impact of Katrina.

196

The Fed will want several months to confirm that inflation risks have shifted lower and there are subtle phrases that suggest they're not really believers. Take core [personal consumption expenditure inflation] down to 1.5% and they'll sing a louder tune.

183

We've seen dip buying and think that's a precursor to larger commitment into supply.

163

While the curve has moved to flat as a pancake to a bit inverted and yields open the year near 4.38%, we are not excited about further inversion just yet.

136

Without more critical information, people are not going to be willing to push it. I don't think the market has been short enough or bullish enough to push this rally further.

120

The market's saunter into 2006 continues, with just a few remaining events before the champagne and confetti.

108

The suggestions provide framework of how to change our culture. We are going through semester plans and are trying to figure out how to use the suggestions.

90