It's a pretty straightforward case of weak equities helping bonds. But there's still the feeling that we're running up against some kind of a brick wall, and that's why prices were unable to push a whole lot higher.

[The index] raises the issue of whether the consumer, which up until now had been hanging in there pretty well, is starting to break up, and I think that is going to prove a critical issue in the next several months.

A reasonable interpretation is they're going to go again in May unless the ( economic) numbers make a compelling case against.

The market is likely to find enough underpinnings in the FOMC statement to lessen fears of Fed tightening in the next several months.

The next couple employment reports will attract an extraordinary degree of attention in the markets. They are widely viewed as holding the key of whether the Fed remains on a tightening path beyond January.

They are confirming in their own subtle way there are some more moves ahead, whether it is one, two or three rises.