Anthony Crescenzi Basis Quotations

Fundamentally there is not a good basis for the yen to rally today. But the bottom line is the dollar is more stable than we would have thought Friday.

If anything, we could get an additional 175 basis points this year, potentially, if the economy continues to show the kind of vigor we've had so far.

The basis for a rally in bonds has gotten smaller.

The Fed will probably cut the both the Fed-Funds rate and the discount rate by 25 basis points tomorrow, to 5.25 percent and 4.75 percent, respectively.