We're just marking time before the Fed meeting.

222

There's a long-duration triple-A asset about to come to market, and there are a lot of folks domestically and internationally who need long-duration triple-A assets.

218

It's a very early indicator of a slowing economy. Historically when the Fed gets into a tightening cycle, they inevitably tighten a bit more than they should, and that slows the economy.

194

The market is anticipating a slowing economy.

167

The whole refunding should go reasonably well. Yields are still 15 to 17 basis points higher than they were two weeks ago, so that's part of the (price) concession.

157

You got a little bit of buying because of the non-defense capital orders ex-aircraft, but now there's not much going on. There are really no flows.

150

It's the fear there's going to be a mad rush for the exits in the equity market: that's what generates the interest in Treasuries.

143

The market was at pretty lofty levels and needed good news to stay at those levels and we didn't get it.

126

The whole refunding should go reasonably well. Yields are (about 20 basis points) higher than they were two weeks ago, so that's part of the (price) concession.

118