Last quote by Justin Lederer
Justin Lederer quotes
(Bridgewater's Ray) Dalio came out earlier today and said the Fed shouldn't be raising rates.
To see this type of move, it's definitely something supply related going on.
Every Fed speaker, you have to care about at some point, but I'm still hard pressed to see them raise rates in September, barring some great data.
I think people were expecting to see more on [quantitative easing] and didn't get it, and the rate complexes across the world are under pressure.
Maybe it's just a blip on the radar for the trajectory of going lower, or it's…the U.S. is in better shape than we thought, and even with the grabbing of yield, the U.S. (yields) shouldn't be down at these levels. Things change quickly so I still think September might be a little bit hard pressed, just given the election, but there's no reason to believe they can't raise rates at least once this year.
[Buyers are] shying away. They loved it at 1.35 and hate it at 1.51 (percent).
I think [three-year notes] will find some buyers given the way Treasurys are a buy, but I think some may shy away now that we're back in the camp of talking about a 2016 rate hike.
I think 10s and bonds will go well. The talk of the town right now is the need for yield.