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Letter "B" » Bill Sullivan Quotes
«What I enjoy most are the three-quarter-mile walks to the bathroom. This is who I am.»
«The market is trading very defensively. That is putting downward pressure on bond prices.»
«Let's think back to what happened in Internet stocks, ... That was a bubble where there was a complete evisceration of wealth. That will never happen in the Treasury market, because it is backed by the full faith and credit of the United States.»
«There's a huge conviction in the Wall Street community that this will be a successful, surgical, short-lived military incursion. That it will not cause any collateral damage to oil fields, that it will not destabilize Middle Eastern governments and that it will not lead to acts of terrorism in the United States.»
«We started the session with this tremendously upbeat commentary in the press and a clear mind-set on Wall Street for the economy to improve in 2003, ... Lo and behold, the first significant statistic of the year underscores that point of view, so we're off to the races.»
«[Over the past two weeks, the yield on the benchmark 10-year Treasury has skipped from 5.08 percent to 5.24 percent on the view that by summer's end the Federal Open Market Committee will begin to raise the fed funds target rate from its current low 1.75 percent.] If the economy gains visible momentum, ... we are vulnerable to further rate pressures.»
«If the equity market continues to retrench, then there's going to be quality flows coming into the Treasury arena that push bond yields lower,»
«Activity is very light ahead of Greenspan's testimony tomorrow, ... We really shouldn't see much movement . . . there is no prominent economic data out today.»
«We're rebounding from an oversold environment,»
«The friendly data such as the decline in the NAPM non-manufacturing added support,»