US Treasuries
- Thursday’s range for UST 10y: 4.075% – 4.15%, closing at 4.09%
- Thursday’s range for UST 30y: 4.67% – 4.73%, closing at 4.69%
- Fed’s Goolsbee: Says He is More Uneasy About Rate Cuts Absent Data
- Fed’s Williams: Natural Rate of Interest Is Hard to Pin Down
- Fed’s Barr: Sees Work to Do on Inflation, Cautions on Job Market
- Fed’s Hammack: Says Inflation a Bigger Concern than Labor Market
Intraday Commentary From Bianco Research
A short-term observation …The last few days stocks (blue, right x-axis) and 10-year yields (white, left axis) have been trading in a classic Pre-COVID “Risk-on, Risk-off” patten.
Risk-on Stocks up, yields up
Risk-off: Stocks down, yields down
This was largely NOT the case in the weeks before the last few days.
Not sure if I’m looking at random noise that happens to align, or maybe the market is changing its outlook. It has only been a few days.
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Car Dealership Guy on X:
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Upcoming US Treasury Supply
Upcoming Fed Speak
- 11/06/2025 at 11:00am EST: Fed’s Williams speaks at Goethe University Frankfurt
- 11/06/2025 at 11:00am EST: Fed’s Barr Participates in Moderated Discussion
- 11/06/2025 at 12:00pm EST: Fed’s Hammack Speaks at the Economic Club of New York
- 11/06/2025 at 03:30pm EST: Fed’s Waller in Panel on Central Banking and Payments
- 11/06/2025 at 04:30pm EST: Fed’s Paulson Speaks on Consumer Finance Institute
- 11/06/2025 at 05:30pm EST: Fed’s Musalem Speaks at a Fireside Chat on Monetary Policy
- 11/07/2025 at 03:00am EST: Fed’s Williams Speaks in Frankfurt
- 11/07/2025 at 07:00am EST: Fed’s Jefferson Speaks on AI and Economy
- 11/07/2025 at 03:00pm EST: Fed’s Miran Speaks on Stablecoins and Monetary Policy
- 11/07/2025 at 10:00am EST: Fed’s Paulson Speaks on Fintech
- 11/07/2025 at 12:00pm EST: Fed’s Bostic Speaks at Atlanta Economics Club
Upcoming Earnings Releases on Friday, November 7, 2025
Before the Open
