US Treasuries
- Monday’s UST 10y range: 4.495% – 4.59%, closing at 4.53%
Bloomberg: Vanguard Calls Corporate Bonds ‘a Real Deal’ for Investors
Corporate bonds are likely to outstrip Treasuries for a seventh straight year as the market steadies and elevated interest rates bolster returns, according to Vanguard Group Inc.
WSJ: New Voters Could Shake Up Fed Meetings This Year
The new voters on the Federal Reserve’s policy committee in 2025 are an official seen as one of the system’s most dovish, as well as a centrist and two new faces who could bring a more stringent anti-inflation perspective.
Join us for our Next Conference Call: Tomorrow, featuring Jim Bianco
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
In the Media Today….
Jim Bianco joins Bloomberg to discuss DeepSeek’s Impact on the Mag 7 & this week’s Fed Meeting
Jim Bianco joins the Schwab Network to discuss DeepSeek’s impact on US Tech Stocks & the Fed
Intraday Commentary From Jim Bianco
Remember that any market can retrace .382 of its prior move, and the trend remains intact. In the case of 10-year yields, the .382 retracement of the prior move is 4.54% (upper green line), is exactly where it is now.
In Other News…
Upcoming Earning Releases This Week:
Bloomberg: Working Americans Turn to Food Banks as Fed Inflation Battle Drags On
US food banks are facing a wave of need driven by the cost-of-living crunch
Another Sign of Consumer Stress…
Arbor Data Science: Average Age of Cars Creeps Higher Along With Delinquencies
NPR: Foreign ownership of U.S. farmland is still small but has increased, analysis shows
Foreign investors owned about 46 million acres of U.S. farmland in 2023 – which is less than 4% of all American farmland, according to a recent report.
FreightWaves: CN braces for rail strike
Canadian National Railway is bracing for a work stoppage Tuesday after members of the International Brotherhood of Electrical Workers (IBEW) in Canada issued a 72-hour strike notice.
The union represents about 750 signal and communications workers, who are prepared to walk out if a new agreement is not reached by a Jan. 28 deadline.
Upcoming Economic Releases & Fed Speak
- 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
- 1/31/2025 at 08:30am EST: Bowman Speaks on Economy, Banks
- 1/31/2025 at 08:30am EST: Employment Cost Index & Personal Income
- 1/31/2025 at 08:30am EST: Personal Spending & Real Personal Spending
- 1/31/2025 at 08:30am EST: PCE Price Index MoM & PCE Price Index YoY
- 1/31/2025 at 08:30am EST: Core PCE Price Index MoM & Core PCE Price Index YoY
- 1/31/2025 at 09:45am EST: MNI Chicago PMI
- 2/03/2025 at 09:45am EST: S&P Global US Manufacturing PMI
- 2/03/2025 at 10:00am EST: Construction Spending MoM & ISM Manufacturing
- 2/03/2025 at 10:00am EST: ISM Prices Paid & ISM Prices Orders & ISM Employment
- 2/03/2025 at 12:30pm EST: Bostic Speaks on Economic Outlook
- 2/03/2025 at Wards Total Vehicle Sales