US Treasuries
- Friday’s UST 10y range: 4.50% – 4.57%, closing at 4.57%
Bloomberg: BlackRock’s Once-Mighty Inflation-Hedge ETF Is Losing Its Crown
A once-dominant BlackRock Inc. bond ETF is at risk of losing its crown as the biggest inflation-hedging product of its kind, after schooling investors about the dangers of safety trades laden with interest-rate risk.
Arbor Data Science: Inflation Roundup – January 30, 2025
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
TIPS: Primary Dealer Positions by Maturity
Upcoming UST 30y TIPS Auction on Thursday, 2/13/25
In Other News…
OilPrice: The Beginning of Drill Baby Drill?
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 4-rig drop in each of the two weeks prior.
The total rig count rose by six rigs, to 582, according to Baker Hughes, down 37 from this same time last year.
Perhaps a Hedge Against Potential Tariffs?
Sea Intelligence: Retail inventories continue sharp growth
For some retailers, inventory buildup may be a hedge against coming tariffs. On the other hand, a potential implication is that if consumer spending suddenly is reduced due to the inflationary effect of tariffs, the retailers might well have excess inventory on their hands.
InsuranceBusiness: Revealed-California FAIR plan faces $4.8 billion exposure from LA fires
The California FAIR Plan, the state’s insurer of last resort, has reported a combined exposure of approximately $4.8 billion due to the Pacific Palisades and Eaton fires in the Los Angeles area.
Upcoming Economic Releases & Fed Speak
- 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 03:00pm EST: US Treasury’s Quarterly Refunding Announcement
- 2/03/2025 at 06:30pm EST: Musalem Gives Welcoming Remarks
- 2/03/2025 at Wards Total Vehicle Sales
- 2/04/2025 at 10:00am EST: JOLTS Job Opening & Factory Orders
- 2/04/2025 at 10:00am EST: Factory Orders Ex Trans & Durable Goods Orders
- 2/04/2025 at 10:00am EST: Durables Ex Transportation & Cap Goods Orders Nondef Ex Air & Cap Goods Ship Nondef Ex Air
- 2/04/2025 at 11:00am EST: Bostic Speaks in Moderated Conversation on Housing
- 2/04/2025 at 02:00pm EST: Daly Speaks in Moderated Panel
- 2/04/2025 at 07:30pm EST: Jefferson Speaks on Economic Outlook, Policy
- 2/05/2025 at 07:00am EST: MBA Mortgage Applications
- 2/05/2025 at 08:15am EST: ADP Employment Change
- 2/05/2025 at 08:30am EST: Trade Balance
- 2/05/2025 at 09:00am EST: Barkin Speaks at Fireside Chat
- 2/05/2025 at 09:45am EST: S&P Global US Services PMI & S&P Global US Composite PMI
- 2/05/2025 at 10:00am EST: ISM Services Index & ISM Services New Orders
- 2/05/2025 at 10:00am EST: ISM Services Employment & ISM Services Prices Paid
- 2/05/2025 at 01:00pm EST: Goolsbee Gives Remarks at Auto Conference
- 2/05/2025 at 04:00pm EST: Bowman Gives Update on Economy, Bank Regulation
- 2/05/2025 at 07:30pm EST: Jefferson Gives Lecture
- 2/06/2025 at 07:30am EST: Challenger Job Cuts YoY
- 2/06/2025 at 08:30am EST: Nonfarm Productivity & Unit Labor Costs
- 2/06/2025 at 08:30am EST: Initial Jobless Claims & Continuing Claims
- 2/06/2025 at 02:30pm EST: Waller Gives Remarks on the Future of Payments
- 2/06/2025 at 05:15pm EST: Jefferson Gives Lecture
- 2/07/2025 at 08:30am EST: Annual Revisions: Establishment Survey Data
- 2/07/2025 at 08:30am EST: Change in Nonfarm Payrolls & Two-Month Payroll Net Revision
- 2/07/2025 at 08:30am EST: Change in Private Payrolls & Change in Manufacturing Payrolls
- 2/07/2025 at 08:30am EST: Unemployment Rate
- 2/07/2025 at 08:30am EST: Average Hourly Earnings MoM & Average Hourly Earnings YoY
- 2/07/2025 at 08:30am EST: Average Weekly Hours All Employees& Labor Force Participation rate
- 2/07/2025 at 08:30am EST: Underemployment Rate
- 2/07/2025 at 09:45am EST: Bowman Gives Update on Economy, Bank Regulation
- 2/07/2025 at 10:00am EST: U. of Mich. Sentiment
- 2/07/2025 at 10:00am EST: Wholesale Inventories MoM & Wholesale Trade Sales MoM
- 2/07/2025 at 10:00am EST: U. of Mich. Current Conditions & U. of Mich. Expectations
- 2/07/2025 at 10:00am EST: U. of Mich. 1 Yr Inflation & U. of Mich. 5-10 Yr Inflation
- 2/07/2025 at 12:00pm EST: Kugler Speaks in Entrepreneurship, Productivity
- 2/07/2025 at 03:00pm EST: Consumer Credit