We've always been saying that yields are too low at the front-end of the curve. I do think yields should gently drift higher.

Not that I have any interest in saying goodbye to Rocky. I absolutely adore being involved and a part of something that is really a phenomenon.

Officials at the White House are saying that President Bush hasn't changed his schedule much since the war started. The main difference, they say, is that he's started watching the news and taping Sponge Bob.

It's going to be a patchy acceleration in Europe, but we're looking for something a little firmer.

The Treasury has two options -- either to change the regulations or to issue more long-dated debt, and selling more is the only fix we're going to get in the short term.

If we get evidence of inflation pushing up beyond the levels we've seen already, then it's game on for an ECB rate hike in December. We would give it about a 35 percent chance at the moment but that could increase quickly should we get surprises in the next inflation reports.