US Treasuries
- UST 10s on Wednesday (1/21/26) closed at 4.25%.
- For the week, we have a 1st weekly support zone of 4.255% – 4.26% and a 2nd weekly support zone of 4.28% – 4.29% (75% shot to hold).
- Our 1st monthly support zone is 4.245% – 4.27% (50% shot to hold).
- We have a 1st weekly resistance zone of 4.155% – 4.165% (90% shot to hold).
- On Deck: $21 billion UST 10y TIP Auction tomorrow, Thursday (1/22/26)
Bloomberg: Selling Treasuries Looks Symbolic If European Funds Keep Stocks
Intraday Commentary From Bianco Research
TLDR:
TRUMP SAYS U.S. HAS FORMED FRAMEWORK FOR FUTURE GREENLAND DEAL; SAYS FEB 1 TARIFFS WILL NOT GO INTO EFFECT; SAYS TALKS CONTINUE ON GOLDEN DOME AS IT PERTAINS TO GREENLAND
TRUMP SAYS U.S. HAS FORMED FRAMEWORK FOR FUTURE GREENLAND DEAL; SAYS FEB 1 TARIFFS WILL NOT GO INTO EFFECT; SAYS TALKS CONTINUE ON GOLDEN DOME AS IT PERTAINS TO GREENLAND
So, we have a deal … stocks are screaming higher … the Greenland issue has been resolved and over.
U.S. Treasury and Agency Fails
As of 1/20/2026, U.S. Treasury Fails were $21.01 billion and U.S. Agency Fails were $34.89 million.
In the News
OilPrice: IEA Raises Forecast of Global Oil Demand Growth in 2026
Bloomberg: Red Sea Reopening Falters Amid Simmering risks in Middle East
The World Property Journal: U.S. Housing Market Hits Largest Buyer-Seller Imbalance on Record
Arbor Data Science: The Push and Pulte of the Housing Market
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Upcoming Economic Releases & Fed Speak
- 1/17/2026 – 1/29/2026: Fed’s External Communications Blackout
- 1/22/2026 at 08:30am EST: BEA to Release Oct-Nov Personal Income on Jan 22
- 1/22/2026 at 08:30am EST: GDP Annualized QoQ / Personal Consumption / GDP Price Index
- 1/22/2026 at 08:30am EST: Core PCE Price Index QoQ / Initial Jobless Claims
- 1/22/2026 at 08:30am EST: Initial Claims 4-Wk Moving Avg / Continuing Claims
- 1/22/2026 at 10:00am EST: BEA to Release Oct.-Nov. Personal Income on Jan. 22
- 1/22/2026 at 10:00am EST: Personal Income / Personal Spending / Real Personal Spending
- 1/22/2026 at 10:00am EST: PCE Price index MoM and YoY / Core PCE Price Index MoM and YoY
- 1/22/2026 at 11:00am EST: Kansas City Fed Manf. Activity
- 1/23/2026 at 06:00am EST: Bloomberg Jan. United States Economic Survey
- 1/23/2026 at 09:45am EST: S&P Global U.S. Manufacturing PMI / S&P Global U.S. Services PMI
- 1/23/2026 at 09:45am EST: S&P Global U.S. Composite PMI
- 1/23/2026 at 10:00am EST: Leading Index
- 1/23/2026 at 10:00am EST: Conference Board releases Oct. and Nov. Leading Index Data
- 1/23/2026 at 10:00am EST: U of Mich. Sentiment / U. of Mich. Current Conditions / U. of Mich. Expectations
- 1/23/2026 at 10:00am EST: U of Mich. 1 Yr Inflation / U of Mich. 5-10 Yr Inflation
- 1/23/2026 at 11:00am EST: Kansas City Fed Services Activity
- 1/26/2026 at 08:30am EST: Chicago Fed to Release TBD Period National Activity Index
- 1/26/2026 at 08:30am EST: Durable Goods Orders / Durables Ex Transportation
- 1/26/2026 at 08:30am EST: Cap Goods Orders Nondef Ex Air / Cap Goods Ship Nondef Ex Air
- 1/26/2026 at 08:30am EST: Dallas Fed Manf. Activity
- 1/27/2026 at 08:15am EST: ADP Weekly Employment Change
- 1/27/2026 at 09:00am EST: FHFA House Price Index MoM
- 1/27/2026 at 09:00am EST: S&P Cotality CS 20-City MoM SA / YoY NSA / US HPI YoY NSA
- 1/27/2026 at 10:00am EST: Richmond Fed Manufact. Index / Business Conditions
- 1/27/2026 at 10:00am EST: Conf. Board Consumer Confidence / Present Situation / Expectations
- 1/27/2026 at 10:30am EST: Dallas Fed Services Activity
- 1/28/2026 at 07:00am EST: MBA Mortgage Applications
- 1/28/2026 at 02:00pm EST: FOMC Rate Decision
- 1/28/2026 at 02:00pm EST: Fed Interest on Reserve Balances Rate
- 1/28/2026 at 02:00pm EST: Fed Reverse Repo Rate
Upcoming Earnings Releases for Thursday, January 22, 2026
Noteworthy Before-the-Open Earnings Releases
Noteworthy After-the-Close Earnings Releases
