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US Treasuries
Today UST 10s closed at 4.14% . Yesterday’s high yield of 4.21% (a recent high) hit our 2nd weekly support zone of 4.21% – 4.22% .
Our 1st weekly support zone is 4.175% – 4.185% (82% shot to hold this zone). Our 1st monthly support zone is 4.13% – 4.16% (53% shot to hold) that has held for the last 11 months.
We have a 1st weekly resistance zone of 4.05% – 4.065% (90% shot to hold).
Intraday Commentary from Jim Bianco
Thanksgiving bounce back, nothing to see here.
But, continuing claims had a big decline. I have not seen the BLS offer an explanation (was there a technical reason? Otherwise, are we to believe there was massive hiring of people on unemployment just last week?).
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Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Upcoming Economic Releases & Fed Speak
12/12/2025 at 08:00am EST: Fed’s Paulson Speaks on Economic Outlook
12/12/2025 at 08:30am EST: Fed’s Hammack Speaks at Real Estate Roundtable Series
12/12/2025 at 08:30am EST: Empire Manufacturing
12/12/2025 at 08:30am EST: NAHB Housing Market Index
12/12/2025 at 10:35am EST: Fed’s Goolsbee Speaks at Economic Outlook Symposium
12/15/2025 at 09:30am EST: Fed’s Miran in Moderated Conversation
12/15/2025 at 10:30am EST: Fed’s Williams delivers Keynote Remarks
12/16/2025 at 08:30am EST: Change in Nonfarm Payrolls / Two-Month Payroll Net Revision
12/16/2025 at 08:30am EST: Change in Private Payrolls / Change in Manfact. Payrolls
12/16/2025 at 08:30am EST: Nonfarm Payrolls 3-Mo Avg Chg
12/16/2025 at 08:30am EST: Average Hourly Earnings MoM / Average Hourly Earnings YoY
12/16/2025 at 08:30am EST: Average Weekly Hours All Employees
12/16/2025 at 08:30am EST: Underemployment Rate / Underemployment Rate
12/16/2025 at 08:30am EST: Labor Force Participation Rate
12/16/2025 at 08:30am EST: Retail Sales Advance MoM / Retail Sales Ex Auto MoM
12/16/2025 at 08:30am EST: Retail Sales Ex Auto and Gas / Retail Sales Control Group
12/16/2025 at 08:30am EST: New York Fed Services Business Activity
12/16/2025 at 09:45am EST: S&P Global US Manufacturing PMI
12/16/2025 at 09:45am EST: S&P Global US Services PMI / Composite PMI
12/16/2025 at 10:00am EST: Business Inventories
12/17/2025 at 07:00am EST: MBA Mortgage Applications
12/17/2025 at 09:05am EST: Fed’s Williams Delivers Opening Remarks
12/17/2025 at 12:30pm EST: Fed’s Bostic Participates in Moderated Discussion
12/18/2025 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg / Continuing Claims
12/18/2025 at 08:30am EST: CPI YoY / Core CPI YoY / CPI Index SA
12/18/2025 at 08:30am EST: Real Avg Hourly Earnings YoY / Real Avg Weekly Earnings YoY
12/18/2025 at 08:30am EST: Philadelphia Fed Business Outlook
12/18/2025 at 11:00am EST: Kansas City Fed Manf. Activity
12/18/2025 at 04:00pm EST: Total Net TIC Flows / Net Long-term TIC Flows