US Treasuries
- Wednesday’s UST 10y range: 4.355% – 4.46%, closing at 4.45%
Upcoming US Treasury Supply
Arbor Data Science: Commercial Real Estate Office Vacancies
World Property Journal: Tech, AI Industries Drive Largest Share of Office Leasing Activity in U.S.
CBRE’s latest Tech-30 report shows that the tech industry boosted its share of U.S. office leasing to 18% in the first three quarters of this year, partly fueled by companies involved in artificial intelligence (AI).
In Other News…
Arbor Data Science: An Update on Job Seekers by Petr Pinkhasov
Harvard Business Review: Research: How AI Is Already Impacting the Labor Market
In new research, forthcoming in Management Science, we explore the impact gen AI has already had on the labor market by examining trends in demand for online freelancers.
Latest Supply Chain News…
Bloomberg: US Port Talks Set to Resume with Trump Role Posing a Wild Card
US dockworkers are set to meet with their employers in New Jersey, resuming negotiations on the key issue of automation that sparked a three-day strike at major East and Gulf Coast ports last month. The target date to reach a deal is Jan. 15 and the thorniest issues are still unresolved.
Marine Insight: Panama Canal To Double Container Traffic With $8 Billion Investment Plan
The Panama Canal Authority is working on plans to double the number of containers passing through its crucial waterway in the coming years, according to its chief, Ricaurte Vasquez, who spoke at a recent conference.
Another Hurricane??
Pensacola News Journal: Florida will be in Hurricane Sara’s sights when it forms later this week.
A typical season sees around seven hurricanes. Sara will mark the 12th hurricane of the season and has the potential to become the sixth major hurricane.
Upcoming Economic Releases & Fed Speak
- 11/14/2024 at 7:00am EST: Kugler Speaks on Economic Outlook
- 11/14/2024 at 8:30am EST: PPI Final Demand MoM & PPI Ex Food and Energy MoM
- 11/14/2024 at 8:30am EST: PPI Ex Food, Energy, Trade MoM & PPI Final Demand YOY
- 11/14/2024 at 8:30am EST: PPI Ex Food and Energy YoY & PPI Ex Food, Energy, Trade YoY
- 11/14/2024 at 8:30am EST: Initial Jobless Claims & Continuing Claims
- 11/14/2024 at 9:00am EST: Barkin Discusses Economy in Fireside Chat
- 11/14/2024 at 3:00pm EST: Powell Speaks at Event in Dallas
- 11/14/2024 at 4:15pm EST: Williams Speaks at NYFed Event
- 11/15/2024 at 8:30am EST: Empire Manufacturing & Retail Sales Advance MoM
- 11/15/2024 at 8:30am EST: Retail Sales Ex Auto MoM & Retail Sales Ex Auto and Gas
- 11/15/2024 at 8:30am EST: Retail Sales Control Group & Import Price Index MoM
- 11/15/2024 at 8:30am EST: Import Price Index ex Petroleum MoM & Import Price Index YoY
- 11/15/2024 at 8:30am EST: Export Price Index MoM & Export Price Index YoY
- 11/15/2024 at 9:00am EST: Collins Gives Opening Remarks
- 11/15/2024 at 9:15am EST: Industrial Production MoM & Capacity Utilization
- 11/15/2024 at 9:15am EST: Manufacturing (SIC) Production
- 11/15/2024 at 10:00am EST: Business Inventories
- 11/15/2024 at 1:15PM EST: Williams Gives Opening Remarks
- 11/18/2024 at 8:30am EST: New York Fed Services Business Activity
- 11/18/2024 at 10:00am EST: NAHB Housing Market Index
- 11/18/2024 at 10:00am EST: Goolsbee Gives Opening Remarks
- 11/18/2024 at 4:00pm EST: Total Net TIC Flows & Net Long-term TIC Flows
- 11/19/2024 at 8:30am EST: Housing Starts & Building Permits
- 11/19/2024 at 8:30am EST: Housing Starts MoM & Building Permits MoM
- 11/20/2024 at 7:00am EST: MBA Mortgage Applications
Dealer Positions ($’s in millions of dollars)
- Dealer positions in T-Bills (as of 10/30) were down 10.14ln @36.62bln
- Dealer positions <2yrs TIPS (as of 10/30) were up 83mln @6.14bln.
- Dealer positions in 2-6yrs TIPS (as of 10/30) were down 1.59bln @8.19bln.
- Dealer positions in 6-11yrs TIPS (as of 10/30) were up 833mln @4.085bln.
- Dealer positions > 11yrs TIPS (as of 10/30) were down 491mln @-578mln.
- Dealer positions in < 2yrs Coupons (as of 10/30) were up 10.39bln @23.55bln.
- Dealer positions > 2yrs and < 3yrs Coupons (as of 10/30) were up 5.40bln @17.85bln.
- Dealer positions in > 3 years and< 6yrs Coupons (as of 10/30) were up 408mln @63.16bln.
- Dealer positions > 6yrs and < 7yrs Coupons (as of 10/30) were up 579mln @17.24bln.
- Dealer positions in > 7 years and< 11yrs Coupons (as of 10/30) were down 1.30bln @25.65bln.
- Dealer positions > 11yrs and < 21yrs Coupons (as of 10/30) were down 965mln @21.91bln.
- Dealer positions in > 21 years Coupons (as of 10/30) were down 74mln @27.10bln.
