The Treasury market likes the headline because it was weaker than what it thought.

The results were impressive to say the least. The outlook for consumer spending is a bit brighter than it was a week or so ago.

There's no question Thursday and Friday's numbers could be a catalyst for a substantial move in the Treasury market.

It's been an uninspired, insipid day of trading. We are biding time for the next big report.

We think the economy is in recession, and it looks like October is going to be weaker than September.

The issue in my mind is what kind of recovery we get from here.