US Treasuries
- Monday’s UST 10y range: 4.405% – 4.49%, closing at 4.41%
Upcoming US Treasury Supply
From our Arbor Data Science Desk: The Home Affordability Gap in the U.S.
Pew Research: A look at the state of affordable housing in the U.S.
In a recent Pew Research Center survey, 69% of Americans said they were “very concerned” about the cost of housing, up from 61% in April 2023.
In Other News…
Agriculture.com: Farmland Prices Come Back to Earth After Years of Growth
Farmland values continued to climb in many areas in 2024, but the increases were more modest compared with recent years. Experts say prices are likely to dip in 2025.
Arbor Data Science: Credit Card Debt Climbs Higher, but at a Slower Pace
CNBC: People’s incomes are catching up with their debt
Credit card debt levels keep smashing records, but average balances are lower relative to borrowers’ earnings than before the pandemic and delinquencies are slowing down.
Seeking Alpha: Auto Loans At Record High While Delinquencies Explode
- Automobile affordability is a significant financial burden, with 80% of new car purchases in 2024 being financed due to high prices and interest rates.
- Auto loan debt has surged to $1.644 trillion, becoming the largest component of non-mortgage consumer debt, surpassing student loans and credit cards.
Upcoming Economic Releases & Fed Speak
- 11/19/2024 at 8:30am EST: Housing Starts & Building Permits
- 11/19/2024 at 8:30am EST: Housing Starts MoM & Building Permits MoM
- 11/19/2024 at 1:10pm EST: Schmid Speaks on Economic Outlook, Policy
- 11/20/2024 at 7:00am EST: MBA Mortgage Applications
- 11/20/2024 at 11:00am EST: Cook Speaks on Economic Outlook, Policy
- 11/20/2024 at 12:15am EST: Bowman Speaks on Agency Policymaking
- 11/21/2024 at 8:30am EST: Philadelphia Fed Business Outlook
- 11/21/2024 at 8:30am EST: Initial Jobless Claims & Continuing Claims
- 11/21/2024 at 8:45am EST: Hammack Gives Welcoming Remarks
- 11/21/2024 at 10:00am EST: Leading Index
- 11/21/2024 at 10:00am EST: Existing Home Sales & Existing Home Sales MoM
- 11/21/2024 at 11:00am EST: Kansas City Fed Manf. Activity
- 11/21/2024 at 12:25pm EST: Goolsbee Participates in Moderated Q&A
- 11/21/2024 at 12:30pm EST: Hammack Moderates Conversation
- 11/21/2024 at 4:40pm EST: Barr Discusses Banks and AI
- 11/22/2024 at 9:00am EST: Bloomberg Nov. United States Economic Survey
- 11/22/2024 at 9:45am EST: S&P Global US Manufacturing PMI & S&P Global US Services PMI & S&P Global US Composite PMI
- 11/22/2024 at 10:00am EST: U. of Mich. Sentiment & U. of Mich. Current Conditions & U. of Mich. Expectations
- 11/22/2024 at 10:00am EST: U. of Mich. 1 Yr Inflation & U. of Mich. 5-10 Yr Inflation
- 11/22/2024 at 11:00am EST: Kansas City Fed Services Activity
- 11/22/2024 at 6:15pm EST: Bowman Speaks on AI
- 11/25/2024 at 8:30am EST: Chicago Fed Nat Activity Index
- 11/25/2024 at 10:30am EST: Dallas Fed Manf. Activity