David Ader

While the curve has moved to flat as a pancake to a bit inverted and yields open the year near read more

While the curve has moved to flat as a pancake to a bit inverted and yields open the year near 4.38%, we are not excited about further inversion just yet.

We've seen dip buying and think that's a precursor to larger commitment into supply.

We've seen dip buying and think that's a precursor to larger commitment into supply.

The market's saunter into 2006 continues, with just a few remaining events before the champagne and confetti.

The market's saunter into 2006 continues, with just a few remaining events before the champagne and confetti.

It is going to follow what the nominal (Treasury) curve is doing. It's not that great of a surprise.

It is going to follow what the nominal (Treasury) curve is doing. It's not that great of a surprise.

Without the benefit of data or issuance, the impetus to extend those gains is limited.

Without the benefit of data or issuance, the impetus to extend those gains is limited.