End of Day Summary – 12/04/2024

US Treasuries

• Wednesday’s UST 10y range: 4.17% – 4.28%, closing at 4.175%

Upcoming US Treasury Supply 

Tentative Schedule of Treasury Buyback Operations 

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From our Arbor Data Science Desk: 

Click Here to Replay

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In Other News… 

The Korea Herald: Korea faces new test of credibility in global supply chain 

Although South Korean President Yoon Suk Yeol’s surprise declaration of martial law did not make it even through the night, such political unrest in a country home to leading tech giants could result in long-term market fallout, potentially weakening Korea’s role in the global supply chain of critical technologies such as chips, experts said Wednesday.

DailyMail: Bargain desert properties snapped up because ground underneath contains ‘billions’ in untapped gold 

Potential buyers are rushing to Johannesburg – a small mining town in the Rand Mountains mining district, located in California‘s Mojave Desert – after realizing there are pockets along the ground that could potentially lead to boatloads of cash. 

Bloomberg: The Quiet Rise of Lightly Regulated Home Insurance 

In 2023, the US experienced 28 weather and climate disasters that each cost at least $1 billion — a new record according to the National Oceanic and Atmospheric Administration. Non-admitted startups say they are best positioned to offer insurance to consumers in this increasingly expensive world.

Arbor Data Science: The Growing Cost of Natural Disasters

• 12/05/2024 at 7:30am EST: Challenger Job Cuts YoY 
• 12/05/2024 at 12:15pm EST: Barkin Speaks on Economic Outlook 
• 12/05/2024 at 8:30am EST: Trade Balance & Initial Jobless Claims & Continuing Claims 
• 12/06/2024 at 8:30am EST: Change in Nonfarm Payrolls & Two-Month Payroll Net revision 
• 12/06/2024 at 8:30am EST: Change in Private Payrolls & Change in Manufacturing Payrolls 
• 12/06/2024 at 8:30am EST: Unemployment Rate 
• 12/06/2024 at 8:30am EST: Average Hourly Earnings MoM & Average Hourly Earnings YoY 
• 12/06/2024 at 8:30am EST: Average Weekly Hours All Employees & Labor Force Participation Rate 
• 12/06/2024 at 8:30am EST: Underemployment Rate 
• 12/06/2024 at 9:15am EST: Bowman Speaks to Missouri Bankers Association 
• 12/06/2024 at 10:00am EST: U. of Mich. Sentiment & U. of Mich. Current Conditions 
• 12/06/2024 at 10:00am EST:U. of Mich. Expectations & U. of Mich. 1 Yr Inflation & U. of Mich. 5-10 Yr Inflation 
• 12/06/2024 at 10:30am EST: Goolsbee Participates in Fireside Chat 
• 12/06/2024 at 12:00pm EST: Hammack Speak on the US Economy 
• 12/06/2024 at 1:00pm EST: Daly Speaks in Moderated Discussion 
• 12/06/2024 at 3:00pm EST: Consumer Credit 
• 12/09/2024 at 10:00am EST: Wholesale Trade Sales MoM & Wholesale Inventories MoM 
• 12/09/2024 at 11:00am EST: NY Fed 1-Yr Inflation Expectations 
• 12/10/2024 at 6:00am EST: NFIB Small Business Optimism 
• 12/10/2024 at 8:30am EST: Nonfarm Productivity & Unit Labor Costs 
• 12/11/2024 at 7:00am EST: MBA Mortgage Applications 
• 12/11/2024 at 8:30am EST: CPI MoM & CPI Ex Food and Energy MoM 
• 12/11/2024 at 8:30am EST: CPI YoY & CPI Ex Food and Energy YoY 
• 12/11/2024 at 8:30am EST: CPI Index NSA & CPI Core Index SA 
• 12/11/2024 at 8:30am EST: Real Average Hourly Earnings YoY & Real Average Weekly Earnings YoY 
• 12/11/2024 at 2:00pm EST: Federal Budget Balance