US Treasuries
- Thursday’s UST 10y range: 4.59% – 4.66%, closing at 4.635%
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Talking Data: A Momentum-Driven Market featuring Alex Malitas of Bianco Research
Jim Bianco joins DoubleLine Round Table Prime 2025: Macro Outlook
Part 1:
Part 2:
From our Arbor Data Science Desk: The Zombie Growth Story by Sam Rines
In Other News…
OilPrice: The End of Cheap Oil? Sanctions Spark for Supply
The oil market has shifted from concerns of a surplus to fears of a deficit due to factors such as sanctions and increased demand.
SupplyChainBrain: Trump Announces Huge Data Center Project for AI
President Donald Trump on January 21 announced the formation of Stargate, a joint venture between OpenAI, SoftBank and Oracle, which aims to create at least $100 billion in computing infrastructure to power artificial intelligence.
Fast Company: California needs more data centers – but builders are using a legal loophole to power them with diesel 
Annual global demand for data center capacity could grow from 60 to 219 gigawatts—enough to power more than 35 million homes—by 2030, according to an analysis from McKinsey. Data centers in California now consume more electricity than such centers in any state except Texas and Virginia.
Bloomberg: California’s Recovery Must Price in the True Cost of Risk
Artificially cheap insurance will only keep encouraging homeowners to build in areas vulnerable to natural disaster.
Arbor Data Science:
Upcoming Economic Releases & Fed Speak
- 1/24/2025 at 09:00am EST: Bloomberg Jan. United States Economic Survey
- 1/24/2025 at 09:45am EST: S&P Global US Manufacturing PMI/US Services PMI/US Composite PMI
- 1/24/2025 at 10:00am EST: U. of Mich. Sentiment & U. of Mich. Current Conditions & U. of Mich. Expectations
- 1/24/2025 at 10:00am EST: U. of Mich. 1 Yr Inflation & U. of Mich. 5-10 Yr Inflation
- 1/24/2025 at 10:00am EST: Existing Home Sales & Existing Home Sales MoM
- 1/24/2025 at 11:00am EST: Kansas City Fed Services Activity
- 1/27/2025 at 08:30am EST: Chicago Fed Nat Activity Index
- 1/27/2025 at 10:00am EST: New Home Sales & New Home Sales MoM
- 1/27/2025 at 10:30am EST: Dallas Fed Manf. Activity
- 1/27/2025: Building Permits & Building Permits MoM
- 1/28/2025 at 08:30am EST: Durable Goods Orders & Durable Ex Transportation
- 1/28/2025 at 08:30am EST: Cap Goods Orders Nondef Ex Air & Cap Goods Ship Nondef Ex Air
- 1/28/2025 at 09:00am EST: FHFA House Price Index MoM
- 1/28/2025 at 09:00am EST: S&P CoreLogic CS 20-City MoM and YoY
- 1/28/2025 at 09:00am EST: S&P CoreLogic CS US HPI YoY
- 1/28/2025 at 09:30am EST: Dallas Fed Services Activity
- 1/28/2025 at 09:30am EST: Conf. Board Consumer Confidence/Present Situation/Expectation
- 1/28/2025 at 10:00am EST: Richmond Fed Manufact. Index/Business Conditions
- 1/29/2025 at 07:00am EST: MBA Mortgage Applications
- 1/29/2025 at 08:30am EST: Advance Goods Trade Balance
- 1/29/2025 at 08:30am EST: Wholesale Inventories MoM
- 1/29/2025 at 08:30am EST: Retail Inventories MoM
- 1/29/2025 at 02:00pm EST: FOMC Rate Decision
- 1/29/2025 at 02:00pm EST: Fed Interest on Reserve Balances Rate
- 1/30/2025 at 08:30am EST: GDP Annualized QoQ
- 1/30/2025 at 08:30am EST: Personal Consumption
- 1/30/2025 at 08:30am EST: Core PCE Price Index QoQ
- 1/30/2025 at 08:30am EST: Initial Jobless Claims
- 1/30/2025 at 08:30am EST: Continuing Claims
- 1/30/2025 at 10:00am EST: Pending Home Sales MoM and YoY