US Treasuries
- Friday’s range for UST 10y: 4.09% – 4.14%, closing at 4.135%
- 10y Note Range for the Week: 4.03% – 4.14%
- Friday’s range for UST 30y: 4.75% – 4.80%, closing at 4.79%
- 30y Bond Range for the Week: 4.69% – 4.80%
- Monday, 12/8/25: $58 Billion 3y Note Auction
Jim Bianco Joins Fox Business to discuss the Cost of Living, Lack of Wage Growth & Whether the Fed Should Cut or Not with Charles Payne
Intraday Commentary from Jim Bianco
What is this curve (blue)? It is the 2-year/3-Month curve (orange).
The 10-year yield has been in an identifiable downtrend of lower highs and lower lows since May, highlighted below.
It made its first higher low at the end of November and now at 4.14% is on the verge of breaking through the top end of this channel. Will it? Or will it hold this channel again?
Long-bond yield, highest since September 8th (red line)
TIPS Returns by Maturity (data through 11/26/25)
Week over Week Changes by Maturity
- < 2 years: $22.2 Bn on 11/19/25 to $23.0 Bn on 11/26/2025 = $0.8 Bn
- 2 – 6 years: ($572 Mn) on 11/19/25 to $348 Mn on 11/26/2025 = $920 Mn
- 6 – 11 years: $4.4 Bn on 11/19/25 to $4.6 Bn on 11/26/2025 = $0.2 Bn
- > 11 years: $298 Mn on 11/19/25 to $335 Mn on 11/26/2025 = $37 Mn
In the News
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Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Upcoming Economic Releases & Fed Speak
- 11/29/2025 – 12/11/2025: Fed’s External Communications Blackout
- 12/08/2025 at 11:00am EST: NY Fed 1-Yr Inflation Expectations
- 12/09/2025 at 06:00am EST: NFIB Small Business Optimism
- 12/09/2025 at 10:00am EST: JOLTS Job Openings / Rate
- 12/09/2025 at 10:00am EST: JOLTS Quits Level / Rate
- 12/09/2025 at 10:00am EST: JOLTS Layoffs Level / Rate
- 12/10/2025 at 07:00am EST: MBA Mortgage Applications
- 12/10/2025 at 08:30am EST: Employment Cost Index
- 12/10/2025 at 08:30am EST: FOMC Rate Decision
- 12/10/2025 at 08:30am EST: Fed Reverse Repo Rate
- 12/11/2025 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg
- 12/11/2025 at 08:30am EST: Continuing Claims / Trade Balance
- 12/11/2025 at 08:30am EST: Exports MoM / Imports MoM
- 12/11/2025 at 10:00am EST: Wholesale Inventories MoM /Wholesale Trade Sales MoM
- 12/11/2025 at 12:00pm EST: Household Change in Net Worth
- 12/11/2025 at 08:00am EST: Fed’s Paulson Speaks on Economic Outlook
- 12/11/2025 at 08:30am EST: Fed’s Hammack Speaks at Real Estate Roundtable Series