Mike Ryan Bond Quotations

The outcome of the meeting is fully priced into bond prices. Only the (Fed) statement may offer intrigue.

We've been in this trading range between 5.375 and 5.75 (30-year bond yields) for a very long period of time, ... Then we finally broke out of that and the next target people are setting their sights for is 6 percent. We have a refunding this week, we have an awful lot of corporate supply and we also have next week's FOMC meeting approaching.

Sentiment in the bond market has really soured.

Maybe we haven't seen the same magnitude of rate declines that we typically have seen in easing cycles, but directionally it has been a fairly classic bond market reaction to the easing cycle.

If the Fed is not going to do the heavy lifting, the bond market is going to do it for them.

It was a little stronger than expected. I think we are going to see the bond confined to a narrow range based on the economics.

For the bond market, it's clearly not bullish, ... At a time where growth is strong, the labor market is still tight, and price pressures are building, the last thing you need is a surge in energy prices that will push inflation up across the board.

The employment report will make or break the bond market this week. Until you start to see moderation on the employment front, you're not going to see much of a slowdown in the economy.