US Treasuries
- Tuesday’s range for UST 10y: 3.985% – 4.04%, closing at 4.00%
- Tuesday’s range for UST 30y: 4.635% – 4.685%, closing at 4.65%
- Fed’s Miran: US Economy Calls for Large Interest-Rate Cuts
- Bloomberg: Hassett Emerges as Frontrunner in Trump Fed Chair Audition
Intraday Commentary from Jim Bianco
*KEVIN HASSETT SEEN AS FRONTRUNNER IN TRUMP FED CHAIR SEARCH
First time anyone has traded above 50%.
*BESSENT: BOND MARKET HAVING BEST YEAR SINCE 2020
As this chart shows, this is true (although 2023, green, is close).
And if the weak dollar is considered, then 2025 is tracking one of the best years since 2003. (45% of the global index is non-US bonds, which benefit when the dollar declines).
In the News
Newsweek: Price Correction ‘Worse than 2008’ Coming to US Housing Market – Analyst
CBS News: General Motors invoking 1,140 layoffs at Detroit’s Factory Zero
Bloomberg: Trump’s Beef Price Battle Meets America’s Insatiable Demand
Arbor Data Science: Beef: Deja Moo. We Have Heard This Bull Before
Upcoming US Treasury Supply
Upcoming Economic Releases & Fed Speak
- 11/26/2025 at 07:00am EST: MBA Mortgage Applications
- 11/26/2025 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg / Continuing Claims
- 11/26/2025 at 08:30am EST: Durable Goods Orders / Ex Transportation
- 11/26/2025 at 08:30am EST: Cap Goods Ship Nondef Ex Air / Cap Goods Orders Nondef Ex Air
- 11/26/2025 at 09:45am EST: MNI Chicago PMI
- 11/26/2025 at 02:00pm EST: Fed Releases Beige Book
- 11/29/2025 – 12/11/2025: Fed’s External Communications Blackout
- 12/01/2025 at 09:45am EST: S&P Global US Manufacturing PMI
- 12/01/2025 at 10:00am EST: ISM Manufacturing / Prices Paid / New Orders / Employment
- 12/02/2025: Wards Total Vehicle Sales