US Treasuries
- Friday’s UST 10y range: 4.515% – 4.59%, closing at 4.59%
Bloomberg: Bond Traders Face 2025 Amid Most Agonizing Easing in Decades
Bond traders have rarely suffered so much from a Federal Reserve easing cycle. Now they fear 2025 threatens more of the same.
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
From our Arbor Data Science Desk:
AP: Trump threatens to try to take back the Panama Canal. Panama’s president balks at the suggestion
Donald Trump suggested Sunday that his new administration could try to regain control of the Panama Canal that the United States “foolishly” ceded to its Central American ally, contending that shippers are charged “ridiculous” fees to pass through the vital transportation channel linking the Atlantic and Pacific Oceans.
More in depth coverage on the Panama Canal from Arbor Data Science:
Improvement at the Panama Canal (April 17, 2024)
State of the Supply Chain: Panama Canal Water Levels Hit Record Low (February 13, 2024)
Intraday Commentary from Jim Bianco
In Other News:
WSJ: America’s Farm Recession Is Here. One Early Response Is Sending Billions to Farmers.
Reeling from falling crop prices, farmers and agricultural companies have grappled with diminished income and pulled back spending.
Farms.com: U.S. Farmers Pinched by High Costs and Low Prices
In recent months, wheat markets have stabilized, contrasting the unprecedented volatility following war, drought, and economic uncertainty that has defined markets over the last few years.
The Guardian: Florida and oranges have been a pair for decades. Now the industry has sour prospects
Hurricanes and an untreatable tree disease have left a once fruitful citrus industry with little to produce this year.
Arbor Data Science: The Orange Squeeze in Florida
ZeroHedge: Nearly 2,000 American CEOs Quit In 2024, Setting New Record
Chief executive officers have exited from U.S. companies in 2024 at a greater pace than ever before, with businesses increasingly opting to appoint interim leaders as replacements, according to global outplacement company Challenger, Gray & Christmas, Inc.
Upcoming Economic Releases & Fed Speak
- 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
- 12/30/2024 at 9:45am EST: MNI Chicago PMI
- 12/30/2024 at 10:00am EST: Pending Home Sales MoM and YoY
- 12/30/2024 at 10:30am EST: Dallas Fed Manf. Activity
- 1/3/2025 at 11:00am EST: Barkin Gives Keynote Address