US Treasuries
- UST 10s on Friday closed at 4.24%. The range for the week was: 4.195% – 4.275%.
- Our 1st weekly resistance zone is 4.20% – 4.205% held.
- Fed’s Bostic: Says Elevated Inflation Should Keep Rates on Hold
- Fed’s Waller: Says Policy Still Restrictive, More Easing Needed
- Fed’s Miran: Says Sees Warsh as Persuasive, Respected New Chair
- Fed’s Musalem: Says it Would Be Unadvisable to Lower Rates Now
Join Us Next Wednesday, February 4th, For Our Next Conference Call Featuring Jim Bianco
US Treasury Fails
As of 1/29/2026, U.S. Treasury Fails were $23.35 billion and U.S. Agency Fails were $94.24 million.
TIPS by Maturity (data through 1/21/2026)
Week over Week Changes by Maturity
- < 2 years: $22.0 Bn on 1/14/2026 to $23.9 Bn on 1/21/2026 = $1.9 Bn
- 2 – 6 years: $2.5 Bn on 1/14/2026 to $3.7 Bn on 1/21/2026 = $1.2 Bn
- 6 – 11 years: $3.1 Bn on 1/14/2026 to $1.9 Bn on 1/21/2026= ($1.2 Bn)
- > 11 years: $817 Mn on 1/14/2026 to $1.1 Bn on 1/21/2026 = $243 Mn
In the News
OilPrice: Chevron Beats Profit Estimates as It Commits to Venezuela
Freightwaves: China company will give up Panama Canal ports after Court ruling
CNBC: Wealth inequality and the ‘K-shaped’ economy are more striking than ever, data shows
PereNews: Like institutional investors, family offices are banding together
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Upcoming Economic Releases & Fed Speak
- 2/02/2026 at 09:45am EST: S&P Global US Manufacturing PMI
- 2/02/2026 at 10:00am EST: ISM Manufacturing / Prices Paid / New Orders / Employment
- 2/02/2026 at 12:30pm EST: Fed’s Bostic Speaks at the Atlanta Rotary Club
- 2/02/2026 at 03:00pm EST: US Treasury Quarterly Borrowing Estimates
- 2/03/2026 at 09:40am EST: Fed’s Bowman in Moderated Conversation
- 2/03/2026 at 10:00am EST: JOLTS Job Openings & Openings Rate / JOLTS Quits Level & Rate
- 2/03/2026 at 10:00am EST: JOLTS Layoffs Level & Rate
- 2/03/2026: Wards total Vehicle Sales
- 2/04/2026 at 07:00am EST: MBA Mortgage Applications
- 2/04/2026 at 08:15am EST: ADP Employment Change
- 2/04/2026 at 08:30am EST: US Treasury Quarterly Refunding Announcement
- 2/04/2026 at 09:45am EST: S&P Global US Services PMI / Composite PMI
- 2/04/2026 at 10:00am EST: ISM Services Index / Prices Paid / New Orders / Employment
- 2/05/2026 at 07:30am EST: Challenger Job Cuts YoY / Total
- 2/05/2026 at 08:30am EST: Initial Jobless Claims / 4-Wk Moving Avg / Continuing Claims
- 2/05/2026 at 10:50am EST: Fed’s Bostic Speaks with Dean of Clark Atlanta University
- 2/06/2026 at 08:30am EST: Change in Nonfarm Payrolls / Change in Private Payrolls
- 2/06/2026 at 08:30am EST: Two-Month Payroll Net Revision / Change in Manufact. Payrolls
- 2/06/2026 at 08:30am EST: Nonfarm Payrolls 3-Mo Avg Chg
- 2/06/2026 at 08:30am EST: Average Hourly Earnings MoM / YoY / Avg Weekly Hours All Employees
- 2/06/2026 at 08:30am EST: Unemployment Rate
- 2/06/2026 at 08:30am EST: Labor Force Participation Rate / Underemployment Rate
- 2/06/2026 at 08:30am EST: Final Benchmark Payrolls Revision
- 2/06/2026 at 10:00am EST: U. of Mich. Sentiment / Current Conditions/ Expectations
- 2/06/2026 at 10:00am EST: U. of Mich. 1 Yr Inflation / 5-10 Yr Inflation
- 2/06/2026 at 03:00pm EST: Consumer Credit
Upcoming Earnings Releases for Monday, February 2, 2026
Noteworthy Before-the-Open Earnings Releases
Noteworthy After-the-Close Earnings Releases
