US Treasuries
- UST 10s closed today at 4.17%. The range for the week was 4.12% – 4.20%.
- Our 1st weekly support zone of 4.22% – 4.23% held.
- On Deck Monday, 1/12/26: $58Bn UST 3yr Note Auction and $39Bn UST 10y Note Auction (Reopening)
- Fed’s Barkin: Says Jobs Reports Shows Low-Hiring Climate Persists
Bloomberg: Trump’s MBS Purchases Hand Traders Reason to Buy Long Bonds
U.S. Treasury and Agency Fails
As of 1/08/2026, U.S. Treasury Fails were $22.83 billion and U.S. Agency Fails were $120.28 million.
TIPS by Maturity (data through 12/31/2025)
Week over Week Changes by Maturity
- < 2 years: $16.0 Bn on 12/24/2025 to $18.8 Bn on 12/31/2025 = $2.8 Bn
- 2 – 6 years: $4.8 Bn on 12/24/2025 to $3.7 Bn on 12/31/2025 = ($1.1 Bn)
- 6 – 11 years: $2.8 Bn on 12/24/2025 to $3.0 Bn on 12/31/2025 = $0.2 Bn
- > 11 years: $702 Mn on 12/24/2025 to $816 Mn on 12/31/2025 = $114 Mn
In the News
OilPrice: Data Centers Are Asked to Bring Own Power Generation… or Shut Down
Nucnet.org: Meta Announces 6.6 GW Of Nuclear Energy Projects to Power AI Revolution
AP: GM hit with $6 billion in charges as EV incentives cut and emissions standards fade
AmericaAgNetwork: Economist Say Farm Economy Likely to Stabilize in 2026, but Recovery Remains Elusive
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Upcoming Economic Releases & Fed Speak
- 1/12/2026 at 12:30pm EST: Fed’s Bostic Moderates Discussion with CEO of Intercontinental
- 1/12/2026 at 12:45pm EST: Fed’s Barkin Participates in a Fireside Chat
- 1/12/2026 at 06:00pm EST: Fed’s Williams Delivers Keynote Remarks
- 1/13/2026 at 06:00am EST: NFIB Small Business Optimism
- 1/13/2026 at 08:15am EST: ADP Weekly Employment Change
- 1/13/2026 at 08:30am EST: CPI MoM / YoY
- 1/13/2026 at 08:30am EST: Core CPI MoM / YoY / Core CPI Index SA
- 1/13/2026 at 08:30am EST: Real Avg Weekly Earnings YoY / Real Avg Hourly Earnings YoY
- 1/13/2026 at 10:00am EST: Census Releases Sept – Oct New Home Sales Reports
- 1/13/2026 at 10:00am EST: New Home Sales / MoM
- 1/13/2026 at 10:00am EST: Fed’s Musalem Speaks on MNI Webcast
- 1/13/2026 at 02:00pm EST: Federal Budget Balance
- 1/13/2026 at 04:00pm EST: Fed’s Barkin in Moderated Conversation
- 1/14/2026 at 07:00am EST: MBA Mortgage Applications
- 1/14/2026 at 08:30am EST: BLS to Release Oct. and Nov. PPI on Jan. 14
- 1/14/2026 at 08:30am EST: PPI Final Demand MoM / PPM Ex Food and Energy MoM
- 1/14/2026 at 08:30am EST: PPI Ex Food, Energy, Trade MoM / PPI Final Demand YoY
- 1/14/2026 at 08:30am EST: PPI Ex Food and Energy YoY / PPI Ex Food, Energy, Trade YoY
- 1/14/2026 at 08:30am EST: Retail Sales Advance MoM / Retail Sales Ex Auto MoM
- 1/14/2026 at 08:30am EST: Retail Sales Ex Auto and Gas / Retail Sales Control Group
- 1/14/2026 at 08:30am EST: Current Account Balance
- 1/14/2026 at 09:50am EST: Fed’s Paulson Speaks on Economic Outlook
- 1/14/2026 at 10:00am EST: Fed’s Miran Speaks in Athens
- 1/14/2026 at 10:00am EST: Existing Home Sales / MoM
- 1/14/2026 at 10:00am EST: Business Inventories
- 1/14/2026 at 12:00pm EST: Fed’s Kashkari Speaks in Virtual Town Hall
- 1/14/2026 at 12:00pm EST: Fed’s Bostic Participates in Moderated Discussion
- 1/14/2026 at 02:10pm EST: Fed’s Williams Delivers Opening Remarks
- 1/15/2026 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg / Continuing Claims
- 1/15/2026 at 08:30am EST: BLS Releases Limited Oct. Import-Export Series with Nov. Data
- 1/15/2026 at 08:30am EST: Import Price Index MoM and YoY / Import Price Index ex Petroleum MoM
- 1/15/2026 at 08:30am EST: Export Price Index MoM and YoY
- 1/15/2026 at 08:30am EST: Empire Manufacturing
- 1/15/2026 at 08:30am EST: Philadelphia Fed Business Outlook
- 1/15/2026 at 08:35am EST: Fed’s Bostic Delivers Remarks at Metro Atlanta Chamber
- 1/15/2026 at 09:15am EST: Fed’s Barr in Penal Discussion on Stablecoins
- 1/15/2026 at 12:40am EST: Fed’s Tom Barkin Speaks on Virginia Economic Outlook
- 1/15/2026 at 04:00pm EST: Total Net TIC Flows / Net Long-term TIC Flows
- 1/16/2026 at 08:30am EST: New York Fed Services Business Activity
- 1/16/2026 at 09:15am EST: Industrial Production MoM
- 1/16/2026 at 09:15am EST: Manufacturing (SIC) Production / Capacity Utilization
- 1/16/2026 at 10:00am EST: NAHB Housing Market Index
- 1/16/2026 at 11:00am EST: Fed’s Bowman Speaks on Economy and Monetary Policy
- 1/16/2026 at 03:30pm EST: Fed’s Jefferson Gives Keynote Address