I don’t want to get overly bearish. But we’re getting a ton of supply, and not just Treasuries.

This is nothing more than a market that’s gone down strongly for two weeks finding some support and bouncing off that. Next week is a new week and I don’t think you can glean much...

Yesterday it sounded like a library here. We did decent business, but it was spotty. You’d do a chunky trade, and then nothing for two hours.

We were a little bit aggressive too early, trying to say the Fed is done. Now the data is continuing to show some strength.

Most real-money customers are content to be slow to buy. They don’t feel like the market’s going to get away from them on the upside.

In the last couple of weeks the dollar has gone into free fall and our market doesn’t like it.