There's demand for these bonds from somebody who needs duration. The economic backdrop would suggest that buying 30-yearTreasuries at 4.47 would end up being a painfultrade.
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This quote is just one of 9 total David Durrant quotes in our collection. David Durrant is known for saying 'There's demand for these bonds from somebody who needs duration. The economic backdrop would suggest that buying 30-year Treasuries at 4.47 would end up being a painful trade.' as well as some of the following quotes.
There's demand for these bonds from somebody who needs duration. The economic backdrop would suggest that buying 30-year Treasuries at 4.47 would end up being a painful trade.
Slightly higher inflation says to the Fed they have to remain with a tightening bias. The market is going to remain focused on payrolls at the end of the week. That's likely what is driving dollar strength.
If there was a surprise (in the GDP report), it was that the deflator and core PCE were revised up a bit. So, slightly slower growth than expected, although it's still a relatively robust 4.1 percent.
This quote is just one of 9 total David Durrant quotes in our collection. David Durrant is known for saying 'There's demand for these bonds from somebody who needs duration. The economic backdrop would suggest that buying 30-year Treasuries at 4.47 would end up being a painful trade.' as well as some of the following quotes.