US Treasuries
- Friday’s UST 10y range: 4.48% – 4.56%, closing at 4.52%
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
From our Arbor Data Science Desk: Measuring Fed Sentiment After the FOMC Meeting
Intraday Commentary from Jim Bianco
3-day tick chart of the 10-year yield with retracement lines. Any market, over any time period, can pull back 38% to 50%, at any time, and keep the larger trend intact.
So far, this is what the 10-year is doing.
In Other News:
Newsweek: Insurance Crisis Could Spark Housing Market Crash Worse than 2008: Report
According to the document, released on Wednesday, the growing risk of more frequent and more severe extreme weather events caused by climate change spells trouble for the insurance markets, “threatening mortgage markets and property values” as well.
OilPrice: A Shipbuilding Boom in 2024
Chinese companies maximized their exports of oil products in November, ahead of an increase in government levies after Beijing reduced the country’s VAT rebate for product exports from 13% to 9%.
FastCompany: In 2024, the U.S. added 1,000 new public EV chargers a week – but that’s not nearly enough
The country’s EV charging network has more than doubled since 2021, but we still need more chargers to keep up with EV adoption.
Arbor Data Science: 
First Amazon Strikes … Now Starbucks
Reuters: Starbucks workers’ union plans strike in 3 US cities as bargaining talks break down
The workers’ union representing over 10,000 baristas at Starbucks (SBUX.O), opens new tab said its members will strike at stores in Los Angeles, Chicago, and Seattle for five days starting Friday, citing unresolved issues over wages, staffing and schedules.
Upcoming Economic Releases & Fed Speak
- 12/23/2024 at 8:30am EST: Chicago Fed Nat Activity Index
- 12/23/2024 at 10:00am EST: Conf. Board Consumer Confidence/ Present Situation / Expectations
- 12/24/2024 at 8:00am EST: Building Permits & Building Permits MoM
- 12/24/2024 at 8:30am EST: Philadelphia Fed Non-Manufacturing & Durable Goods Orders & Durables ex Transportation
- 12/24/2024 at 8:30am EST: Cap Goods Orders Nondef Ex Air & Cap Goods Ship Nondef Ex Air
- 12/24/2024 at 10:00am EST: New Home Sales & New Home Sales MoM
- 12/24/2024 at 10:00am EST: Richmond Fed Manufact. Index & Richmond Fed Business Conditions
- 12/26/2024 at 8:30am EST: Initial Jobless Claims & Continuing Claims
- 12/27/2024 at 8:30am EST: Advance Goods Trade Balance & Wholesale Inventories MoM & Retail Inventories MoM