Short-term rates ended the year on a downward bias.

Looking ahead over the next few weeks, I would expect to see a choppy market with a downward bias.

This will lead to a downward bias in the estimator of β.

"The June employment data due next Friday should leave no doubt that the economy is on a downward bias," he said.

The market is going to have a downward bias for the next few weeks at a minimum.

"Until the Fed can make a determination on policy, yields will continue to drift with a downward bias."

"We expect prices to continue on a downward bias, at least through July."

And if growth continues to weaken, much of that volatility is likely to have a downward bias.

"It looks like we're going to experience contained sideways volatility, with a downward bias, until Washington gets something together."

Relying on self-reported data may create a downward bias in the number of Federal workers who are likely to benefit from the standards.