US Treasuries
10s closed on Wednesday at 4.33
- 1st daily support is 4.35/4.36 90% to hold
- 2nd daily support is 4.375/4.385
- 1st weekly support at 4.51/4.53
- 1st monthly support 4.465/4.495 50% to hold
- 1st daily resistance is 4.27/4.28
- 2nd daily resistance is 4.24/4.25 90% to hold
- 1st weekly resistance at 4.31/4.33 60% to hold
- 2nd weekly resistance at 4.23/4.25
- 1st monthly resistance at 4.095/4.125 90% to hold
Join Us Tomorrow, Thursday, April 2, 2026, for our Next Conference Call Featuring Jim Bianco
Intraday Commentary From Jim Bianco
Despite the war and the $1+ rise in gas prices (more for diesel), ISM manufacturing turned higher in March, highest level since 2022.
ISM prices paid shot up to the highest level since June 2022, the month Y/Y CPI hit 9%.
New orders backed off, but still well above 50.
Taken in total, ISM says manufacturing ignored the war and just keep going in March.
No slowdown + Higher inflation = higher nominal growth
Higher nominal growth = high Yields.
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@GasBuddyGuy on X:
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Upcoming Economic Releases & Fed Speak
- 4/02/2026 at 07:30am EST: Challenger Job Cuts YoY / Challenger Job Cuts Total
- 4/02/2026 at 08:30am EST: Trade Balance / Imports MoM / Exports MoM
- 4/02/2026 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg
- 4/02/2026 at 08:30am EST: Continuing Claims
- 4/03/2026 at 10:15am EST: Fed’s Logan Speaks at Dallas Fed Banking Conference
- 4/03/2026 at 12:45am EST: Fed’s Bowman Speaks at Banking Conference
- 4/03/2026 at 08:30am EST: Change in Nonfarm Payrolls / Two-Month Payroll Net Revision
- 4/03/2026 at 08:30am EST: Change in Private Payrolls / Change in Manufact. Payrolls
- 4/03/2026 at 08:30am EST: Nonfarm Payrolls 3-Mo Avg Change
- 4/03/2026 at 08:30am EST: Average Hourly Earnings MoM / Average Hourly Earnings YoY
- 4/03/2026 at 08:30am EST: Average Weekly Hours All Employees
- 4/03/2026 at 08:30am EST: Unemployment Rate / Labor Force Participation Rate / Underemployment Rate
- 4/03/2026 at 08:30am EST: S&P Global US Services PMI / S&P Global US Composite PMI
- 4/06/2026 at 10:00am EST: ISM Reschedules March Services PMI
- 4/06/2026 at 10:00am EST: ISM Services Index / Prices Paid / New Orders / Employment
- 4/07/2026 at 08:15am EST: ADP Weekly Employment Change
- 4/07/2026 at 08:30am EST: Durable Goods Orders / Durables Ex Transportation
- 4/07/2026 at 08:30am EST: Cap Goods Orders Nondef Ex Air / Cap Goods Ship Nondef Ex Air
- 4/07/2026 at 11:00am EST: NY Fed 1-Yr Inflation Expectations
- 4/07/2026 at 12:35pm EST: Fed’s Goolsbee Speaks on Monetary Policy
- 4/07/2026 at 03:00pm EST: Consumer Credit
- 4/08/2026 at 07:00am EST: MBA Mortgage Applications
- 4/08/2026 at 02:00pm EST: FOMC Meeting Minutes