US Treasuries
- Tuesday’s UST 10y range: 4.18% – 4.24%, closing at 4.22%
Reuters: ‘Bond vigilante’ PIMCO trims long-term US sovereign debt holdings
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
From our Arbor Data Science Desk: Where’s the Beef? by Sam Rines
International Business Times: US Beef Herd Has Shrunk 40% Since 1975 To Smallest Size Since 1961
America’s cattle herd size has dropped nearly 40% from the last peak in 1975. The latest down cycle that began in 2020 has seen it decrease faster than since the 1980s farm crisis, Bloomberg said.
In Other News…
Freightwaves: Container imports to surge ahead of strike, tariffs, NRF predicts
Containerized imports are expected to continue to surge through U.S. ports into the new year as shippers look to beat a possible strike by East and Gulf Coast longshore workers and planned tariffs by the incoming Trump administration, according to a new forecast.
CBS News: Americans are paying more than ever for health insurance. Denials add to their pain.
Health insurance costs are far outpacing inflation, leaving more consumers on the hook each year for thousands of dollars in out-of-pocket expenses. At the same time, some insurers are rejecting nearly 1 in 5 claims.
Business Insider: A ‘silver tsunami’ of boomer home sales won’t fix the housing affordability crisis, Zillow says
Don’t expect a wave of home sales by older Americans to fix the affordability crisis facing US buyers.
Arbor Data Science: The Housing Affordability Gap in the U.S.
Upcoming Economic Releases & Fed Speak
- 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
- 12/17/2024 at 8:30am EST: Retail Sales Advance MoM & Retail Sales Ex Auto MoM
- 12/17/2024 at 8:30am EST: Retail Sales Ex Auto and Gas & Retail Sales Control Group
- 12/17/2024 at 8:30am EST: New York Fed Services Business Activity
- 12/17/2024 at 9:00am EST: Bloomberg Dec. United States Economic Survey
- 12/17/2024 at 9:15am EST: Industrial Production MoM & Capacity Utilization & Manufacturing (SIC) Production
- 12/17/2024 at 10:00am EST: Business Inventories & NAHB Housing Market Index