US Treasuries
10s closed on Friday at 4.245
- 1st daily support is 4.265/4.275 50% to hold
- 2nd daily support is 4.30/4.31 67% to hold
- 1st weekly support at 4.31/4.34
- 1st monthly support at 4.465/4.495 90% to hold
- 1st daily resistance is 4.20/4.21 57% to hold
- 2nd daily resistance is 4.145/4.15 90% to hold
- 1st weekly resistance at 4.17/4.19 67% to hold
- 1st monthly resistance at 4.095/4.125 80% to hold
- Fed’s Waller: Signals Caution On Rate Cuts, Sees Risk of Longer Conflict
- Bloomberg: Warsh Hearing Will Test How Far He’ll Push Balance Sheet Reform
TIPS by Maturity (data through 4/08/2026)
Week over Week Changes by Maturity
- < 2 years: $23.6 Bn on 4/01/2026 to $23.8 Bn on 4/08/2026 = $0.2 Bn
- 2 – 6 years: $6.9 Bn on 4/01/2026 to $6.9 Bn on 4/08/2026 = $0 Bn
- 6 – 11 years: $3.3 Bn on 4/01/2026 to $3.3 Bn on 4/08/2026= $0 Bn
- > 11 years: $796 Mn on 4/01/2026 to $815 Mn on 4/08/2026 = $19 Mn
US Treasury Trade Fails
As of 4/16/2026, U.S. Treasury Fails were $27.99 billion and U.S. Agency Fails were $8.90 million.
Intraday Commentary From Jim Bianco
Three-day tick chart of Brent Crude oil, highlighting the reaction to this news.
Brent Crude continues to collapse, now under $90 for the first time in a month
In the News
Fortune: Gen Z is craving a different path in the housing market by doing it alone
Los Angeles Times: Used EV sales charge up on high prices, even as new EV demand declines
Axios: The best and worst states for AI data centers
Texas Tribune: As Corpus Christi scrambles to find more water, nearby cities are facing their own water woes
Zerohedge: Drought Engulfs 60% of U.S. As Farmers Begin Spring Planting
Upcoming US Treasury Supply
Upcoming Economic Releases & Fed Speak
- 4/18/2026 – 4/30/2026: Fed’s External Communications Blackout
- 4/21/2026 at 08:15am EST: ADP Weekly Employment Change
- 4/21/2026 at 08:30am EST: Philadelphia Fed Non-Manufacturing Activity
- 4/21/2026 at 08:30am EST: Retail Sales Advance MoM / Ex Auto MoM / Ex Auto and Gas / Control Group
- 4/21/2026 at 10:00am EST: Business Inventories
- 4/21/2026 at 10:00am EST: Pending Home Sales MoM / NSA YoY
- 4/22/2026 at 07:00am EST: MBA Mortgage Applications
- 4/23/2026 at 08:30am EST: Chicago Fed Nat Activity Index / Initial Jobless Claims
- 4/23/2026 at 08:30am EST: Initial Jobless Claims 4-Wk Moving Avg / Continuing Claims
- 4/23/2026 at 09:45am EST: S&P Global U.S. Manufacturing PMI / S&P Global U.S. Services PMI / S&P Global U.S. Composite PMI
- 4/23/2026 at 11:00am EST: Kanas City Fed Manf. Activity
- 4/24/2026 at 06:00am EST: Bloomberg April United States Economic Survey
- 4/24/2026 at 10:00am EST: U. of Mich. Sentiment / U. of Mich. Current Conditions / U. of Mich. Expectations
- 4/24/2026 at 10:00am EST: U. of Mich. 1 Yr Inflation / U. of Mich. 5-10 Yr Inflation
- 4/24/2026 at 11:00am EST: Kansas City Fed Services Activity