US Treasuries
- Monday’s UST 10y range: 4.13% – 4.195%, closing at 4.19%
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Central Banks
- Nine Major Central Banks will set Monetary Policy in December
From our Arbor Data Science Desk: Commercial Real Estate Delinquency Rates Trend Higher
Bloomberg: Where to Invest in Real Estate Right Now
Experts point to opportunities in residential housing, short-term rents, commercial property and more.
Forbes: Onshoring Is Creating New Opportunities In US Commercial Real Estate
The return of high-tech manufacturing to the United States is having a positive impact on demand for commercial real estate (CRE) in the markets where these facilities are being established, blunting and, in some cases, reversing bleak supply/demand dynamics. Much of this positive news is being drowned out by news of loan defaults and other dour headlines about the state of the U.S. CRE market over the past several years.
In Other News…
Bloomberg: Blackstone’s Data-Center Ambitions School a City on AI Power Power Strains
Property owners around Fayetteville, Georgia, are at the front lines of a battle over infrastructure critical to our tech future.
Newsweek: House Prices Could Fall in Three ‘Vulnerable’ States
Real estate experts at ATTOM, a property data firm, suggested that California, New Jersey, and Illinois are home to the counties with the most at-risk housing markets.
SupplyChainBrain: Postal Service Head Says Aging Trucks Need Upgrades as Trump Eyes EV Plan
Postmaster General Louis DeJoy said the U.S. Postal Service needs to replace its aging mail trucks and he wasn’t aware of an effort by the incoming presidential administration to cancel plans to buy electric vehicles.
ABC News: Extreme fire danger threatening Southern California
Extreme fire danger is set to threaten Southern California early this week.
Upcoming Economic Releases & Fed Speak
- 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
- 12/12/2024 at 8:30am EST: PPI Ex Food and Energy MoM & PPI Ex Food, Energy, Trade MoM
- 12/12/2024 at 8:30am EST: PPI Final Demand MoM & PPI Final Demand YoY
- 12/12/2024 at 8:30am EST: PPI Ex Food and Energy YoY & PPI Ex Food, Energy, Trade YoY
- 12/12/2024 at 8:30am EST: Initial Jobless Claims & Continuing Claims
- 12/12/2024 at 12:00pm EST: Household Change in Net Worth
- 12/13/2024 at 8:30am EST: Import Price Index MoM & Import Price Index ex Petroleum MoM & Import Price Index YoY
- 12/13/2024 at 8:30am EST: Export Price Index MoM & Export Price Index YoY
- 12/16/2024 at 8:30am EST: Empire Manufacturing
- 12/16/2024 at 9:45am EST: S&P Global US Manufacturing PMI & S&P Global US Services PMI & S&P Global US Composite PMI