US Treasuries
- Tuesday’s UST 10y range: 4.745% – 4.805% closing at 4.78%
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
From our Arbor Data Science Desk: The Oil Market’s Big “If” by Sam Rines
OilPrice: U.S. LNG Industry Prepares for Boom Years Under Trump
The U.S. LNG industry and natural gas pipeline operators expect the incoming Trump Administration to launch a new wave of capacity expansions that would cement America’s position as the world’s largest LNG exporter.
Intraday Commentary from Jim Bianco:
Four-day tick chart of the 30-Year Yield.
The red line is 5.000%.
Getting close. Will the market respond? Will we get a screaming red Bloomberg Headline?
In Other News:
Fast Company: L.A. hedge funds were impacted by wildfires, too. Here’s how they are adjusting
The Los Angeles area is home to large industry players like Capital Group, TCW Group, and hedge funds Oaktree Capital and Ares Management. In total, firms in Los Angeles manage more than $4 trillion of the $132 trillion in global assets managed in the United States.
Bloomberg: LA Rental Hits $40,000 a Month as Fires Worsen Housing Squeeze
Only about 5% of Los Angeles apartments were vacant before the fires, with a median rent of $2,299, real estate service CoStar Group Inc. reported.
Latest Supply Chain News:
SupplyChainBrain: Oil Tankers Back Up in Red Sea After Israel Hits Tugs
An unusually large flotilla of merchant vessels has backed up near Yemen’s Ras Isa port in the Red Sea, after Israeli air raids damaged the tugboats needed to bring them to shore.
FreightWaves: Cosco says shipping disruptions boosted 2024 net profit by 95%
The Shanghai-based parent of liner operator Cosco Shipping Lines in a statement to the Hong Kong stock exchange expects to report, pending any final adjustments, full-year record earnings on moderate growth in cargo volumes as disruptions from attacks on shipping in the Red Sea took capacity out of the market and kept freight rates high.
Arbor Data Science:
We have been monitoring Bird Flu closely… Arbor Data Science: Bird Flu on the Rise
CBS News: U.S. egg industry sees record chicken deaths from bird flu outbreak
More than 20 million egg-laying chickens in the U.S. died last quarter because of bird flu, data from the U.S. Department of Agriculture shows, marking the worst toll inflicted on America’s egg supply since the outbreak began.
Upcoming Economic Releases & Fed Speak
- 1/15/2025 at 07:00am EST: MBA Mortgage Applications
- 1/15/2025 at 08:30am EST: Empire Manufacturing
- 1/15/2025 at 08:30am EST: CPI MoM/ Ex Food and Energy MoM/ YoY/ Ex Food and Energy YoY/ Index / Core
- 1/15/2025 at 08:30am EST: Real Average Hourly Earnings YoY/Real Average Weekly Earnings YoY
- 1/15/2025 at 09:00am EST: Barkin Speaks in Annapolis
- 1/15/2025 at 10:00am EST: Kashkari Participates in Q&A
- 1/15/2025 at 11:00am EST: Williams Gives Keynote Remarks
- 1/15/2025 at 12:00pm EST: Goolsbee Speaks at Midwest Economic Forecast Forum
- 1/15/2025 at 02:00pm EST: Federal Reserve Releases Beige Book
- 1/16/2025 at 08:30am EST: Philadelphia Fed Business Outlook & Retail Sales Advance MoM & Retail Sales Ex Auto MoM
- 1/16/2025 at 08:30am EST: Retail Sales Ex Auto and Gas
- 1/16/2025 at 08:30am EST: Import Price Index MoM & Import Price Index YoY
- 1/16/2025 at 08:30am EST: Export Price Index MoM & Export Price Index YoY
- 1/16/2025 at 08:30am EST: New York Fed Services Business Activity & Initial Jobless Claims & Continuing Claims
- 1/16/2025 at 10:00am EST: Business Inventories & NAHB Housing Market Index
- 1/17/2025 at 08:30am EST: Housing Starts & Housing Starts MoM
- 1/17/2025 at 08:30am EST: Building Permits & Building Permits MoM
- 1/17/2025 at 09:15am EST: Industrial Production MoM & Capacity Utilization & Manufacturing (SIC) Production
- 1/17/2025 at 04:00pm EST: Net Long-term TIC Flows & Total Net TIC Flows
- 1/21/2025 at 08:30am EST: Philadelphia Fed Non-Manufacturing Activity