US Treasuries
- Wednesday’s UST 10y range: 4.20% – 4.275%, closing at 4.27%
Upcoming US Treasury Supply 
Tentative Schedule of Treasury Buyback Operations
From our Arbor Data Science Desk: Our Soybean Analysis
Bloomberg: Trump Trade War to Hurt US Farmers More as China Turns to Brazil
Donald Trump’s first trade war hurt American soybean farmers to the tune of $11 billion. A sequel is set to be even worse.
In Other News…
Law.com: ‘Modern Family’: The Resurgence of Family Office Enterprises
2024 has seen a number of emerging trends for family offices; there are over 7,000 family offices worldwide managing assets in excess of $5.9 trillion.
CBS News: Wine vineyards are ripping out their fields because there isn’t enough demand
Global wine consumption was down an equivalent of 3.5 billion bottles in 2023, according to the International Organization of Wine and Vine. Schaefer blames the decline on inflation.
ZeroHedge: Americans Are Driving Their Older Cars Into the Ground
Americans, hit by inflation, higher interest rates, and supply-chain issues, are buying fewer new vehicles. The four-year average for annual sales is now 15.5 million, down from 17.7 million pre-pandemic, per the Bureau of Economic Analysis.
Arbor Data Science: The Upward Trajectory of Older Cars
CBS News: Hurricane Milton deals big blow to citrus industry in Florida
Damage from Hurricane Milton is driving down citrus production from what was already expected to be a historic low in the current growing season, according to a federal report released Tuesday.
Arbor Data Science: From our Commodities Update – December 2, 2024
Upcoming Economic Releases & Fed Speak
- 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
- 12/18/2024 at 7:00am EST: MBA Mortgage Applications
- 12/18/2024 at 8:30am EST: Building Permits & Housing Starts
- 12/18/2024 at 8:30am EST: Housing Starts MoM & Building Starts MoM & Current Account Balance
- 12/18/2024 at 2:00pm EST: FOMC Rate Decision
- 12/18/2024 at 2:00pm EST: Fed Interest on Reserve Balances Rate