1.   A strong report could convince traders to sell bonds if it allays concern that the economy may yet tail off in the months ahead.

2.   Nonetheless, the Yomiuri report convinced some that a rate increase will come sooner than they had expected.

3.   Strong economic reports have convinced them that corporate profit growth is going to gain steam this year.

4.   That report convinced many traders that the Federal Reserve is likely to raise interest rates later this year.

5.   The report convinced many traders that inflationary pressures are subdued, allowing the Federal Reserve to leave interest rates steady at a meeting next week.

6.   The two reports convinced some traders the Fed may not need to raise bank lending rates as much, or as soon, to quell inflation.

7.   Those reports convinced investors that concern inflation might accelerate would push the Federal Open Market Committee to guide the target for the overnight loan rate higher.

8.   Traders expect the report will convince the Bank of Canada that the economy is growing at a fast enough pace to warrant a preemptive strike against inflation.

9.   Still, the report convinced no one on Wall Street that the Federal Reserve has reached the end of its cycle of interest rate increases.

10.   The reports convinced investors that while interest rates are likely to rise, the hikes may not be as sharp as previously anticipated.