Kelly Evans (Anchor) 00:00.350
let's get the bond report rick santelli has more on how the markets are reacting to all of these crosscurrents rick what can you tell us
Rick Santelli (Business News Reporter) 00:07.710
well you know i like the way the charts tell a picture if you look at twos and tens when the number was released couple things should jump out at you the twos definitely seem to be more aggressive in holding the upside i don't think that's for any big reasons to explain the fed
Rick Santelli (Business News Reporter) 00:23.430
or acknowledge percentages and probabilities i think it's purely the next chart which is ten years bucking up against that four nineteen to four twenty resistance that chart goes back nearly two weeks and stopping makes perfect sense and if you open the chart up should we settle
Rick Santelli (Business News Reporter) 00:41.110
above four nineteen and it doesn't look like we will that be a three and a half month high yield close to me a bit of the surprise today was the dollar index when the data was released at eight thirty it definitely turned up it had been moving down but it really doesn't alter
Rick Santelli (Business News Reporter) 00:56.350
the general picture any close today below ninety eight fourteen is a two and a half month low and to answer your question more directly kelly i personally still don't see any path to get to two percent so many could disinflation especially those that were potential picks for fed
Rick Santelli (Business News Reporter) 01:14.670
chairs but ultimately just like anything else in our economy when the economy gets good competition for capital gets hot and that's why usually historically a good economy may have higher rates specifically on the long end it isn't necessarily a bad thing i think the big
Rick Santelli (Business News Reporter) 01:33.670
negative here is the fact that we have one report with hot inflation we have other reports with cool inflation i need to get a better GPS and in terms of consumer confidence i would take a very big shovel and shovel them all right into the garbage dump because main street media
Rick Santelli (Business News Reporter) 01:52.110
has polluted the well and this administration doesn't get a lot of credit that the markets give it and i think that's what the issue is driving negative confidence