US Treasuries
- Thursday’s UST 10y range: 4.585% – 4.685%, closing at 4.60%
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
From our Arbor Data Science Desk: Commercial Real Estate Delinquency Rates Climb Higher
CoStar: LA fires put 12 million square feet of commercial real estate at risk
Office, apartments and retail property make up bulk of buildings in evacuation zones
In Other News:
AI-CIO: Public Pension Funds Remain in ‘Fragile State,’ per Equable Report
For the 17th straight year, public pensions remain below 90% funded.
NBC News: Here’s where insurance companies see the most risk for disasters
Last month, the Senate Budget Committee released a report showing the states and counties that have seen the greatest changes to their insurance profiles, as measured by number of canceled policies and extent of premium increases.
CNBC: Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024
Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year ago and a machinist strike in the fall that halted production.
GoBankingRates: How Far $1 Million in Retirement Savings Plus Social Security Goes in Every State
A retirement nest egg of $1 million would be completely drained in less than 20 years in three states: Massachusetts (19 years), California (16 years) and Hawaii (12 years).
Upcoming Economic Releases & Fed Speak
- 1/17/2025 at 08:30am EST: Housing Starts & Housing Starts MoM
- 1/17/2025 at 08:30am EST: Building Permits & Building Permits MoM
- 1/17/2025 at 09:15am EST: Industrial Production MoM & Capacity Utilization & Manufacturing (SIC) Production
- 1/17/2025 at 04:00pm EST: Net Long-term TIC Flows & Total Net TIC Flows
- 1/21/2025 at 08:30am EST: Philadelphia Fed Non-Manufacturing Activity
- 1/22/2025 at 07:00am EST: MBA Mortgage Applications
- 1/22/2025 at 10:00am EST: Leading Index
- 1/23/2025 at 08:30am EST: Initial Jobless Claims
- 1/23/2025 at 08:30am EST: Continuing Claims
- 1/23/2025 at 11:00am EST: Kansas City Fed Manf. Activity
Dealer Positions ($’s in millions of dollars)
- Dealer positions in T-Bills (as of 1/01) were down 25.82bln @75.87bln
- Dealer positions <2yrs TIPS (as of 1/01) were up 121mln @9.49bln.
- Dealer positions in 2-6yrs TIPS (as of 1/01) were up 29mln @7.52bln.
- Dealer positions in 6-11yrs TIPS (as of 1/01) were up 322mln @3.49mln.
- Dealer positions > 11yrs TIPS (as of 1/01) were up 135mln @279mln.
- Dealer positions in < 2yrs Coupons (as of 1/01) were up 11.53bln @38.33bln.
- Dealer positions > 2yrs and < 3yrs Coupons (as of 1/01) were down 7.45bln @7.25bln.
- Dealer positions in > 3 years and< 6yrs Coupons (as of 1/01) were up 195mln @89.31bln.
- Dealer positions > 6yrs and < 7yrs Coupons (as of 1/01) were up 404mln @26.52bln.
- Dealer positions in > 7 years and< 11yrs Coupons (as of 1/01) were down 2.30bln @35.07bln.
- Dealer positions > 11yrs and < 21yrs Coupons (as of 1/01) were up 722mln @29.36bln.
- Dealer positions in > 21 years Coupons (as of 1/01) were down 1.53bln @42.47bln.
