US Treasuries
- Thursday’s UST 10y range: 4.17% – 4.22%, closing at 4.18%
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
From our Arbor Data Science Desk: Arbor Data Science Podcast – Cryptocurrency Update
Bloomberg: Bitcoin Soars Past $100,000 on Trump’s Pro-Crypto Pick for SEC
“This is a momentum rally,” said Jason Titman, chief executive of crypto brokerage Swyftx. “Global spot volumes are above mid-pandemic levels and the nomination of Paul Atkins as SEC chair just added to the carnival atmosphere.”
In Other News…
Potential Supply Chain Disruptor
Axios: Tsunami warning issued for Northern California, Oregon after earthquake off coast
A tsunami warning was issued Thursday after a 7.0 magnitude earthquake struck off the coast of Northern California.
FreightWaves: Despite tariff talk, CPKC expects to tap cross-border traffic growth
Canadian Pacific Kansas City CEO Keith Creel is confident that free trade will continue in North America despite President-elect Donald J. Trump’s threat to impose 25% tariffs on goods imported from Mexico and Canada.
Prices Keep on Climbing
Bloomberg: Casual Restaurant Bankruptcies Accelerate as Customers Retreat
Restaurant prices increased about 44% from 2015 to March 2024, according to data firm Black Box Intelligence, compared to a 26% increase for grocery items over the same period.
Arbor Data Science:
SupplyChainBrain: Businesses Face $20B in ‘Swipe Fees’ from Holiday Shopping Season
Fees charged to merchants by banks for credit card transactions could cost consumers more than $20 billion this holiday season, as businesses are forced to increase their prices to cover the growing burden of so-called “swipe fees.”
CNBC: Dollar stores are struggling to win over bargain hunters – here’s why
As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree and Dollar General.
Upcoming Economic Releases & Fed Speak
- 12/06/2024 at 8:30am EST: Change in Nonfarm Payrolls & Two-Month Payroll Net revision
- 12/06/2024 at 8:30am EST: Change in Private Payrolls & Change in Manufacturing Payrolls
- 12/06/2024 at 8:30am EST: Unemployment Rate
- 12/06/2024 at 8:30am EST: Average Hourly Earnings MoM & Average Hourly Earnings YoY
- 12/06/2024 at 8:30am EST: Average Weekly Hours All Employees & Labor Force Participation Rate
- 12/06/2024 at 8:30am EST: Underemployment Rate
- 12/06/2024 at 9:15am EST: Bowman Speaks to Missouri Bankers Association
- 12/06/2024 at 10:00am EST: U. of Mich. Sentiment & U. of Mich. Current Conditions
- 12/06/2024 at 10:00am EST:U. of Mich. Expectations & U. of Mich. 1 Yr Inflation & U. of Mich. 5-10 Yr Inflation
- 12/06/2024 at 10:30am EST: Goolsbee Participates in Fireside Chat
- 12/06/2024 at 12:00pm EST: Hammack Speak on the US Economy
- 12/06/2024 at 1:00pm EST: Daly Speaks in Moderated Discussion
- 12/06/2024 at 3:00pm EST: Consumer Credit
- 12/09/2024 at 10:00am EST: Wholesale Trade Sales MoM & Wholesale Inventories MoM
- 12/09/2024 at 11:00am EST: NY Fed 1-Yr Inflation Expectations
- 12/10/2024 at 6:00am EST: NFIB Small Business Optimism
- 12/10/2024 at 8:30am EST: Nonfarm Productivity & Unit Labor Costs
- 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