End of Day Summary – 4/29/2026

Intraday News  •  April 29, 2026
Edited by Kristen Radosh

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US Treasuries

  • 10s closed on Wednesday at 4.41
  • April’s range has been: 4.225/4.43
  • Range for the last two weeks has been: 4.225/4.43
  • 1st daily support is 4.44/4.45              50% to hold
  • 1st weekly support at 4.36/4.38          50% to hold
  • 2nd weekly support at 4.43/4.45         60% to hold
  • 1st daily resistance is 4.325/4.33          
  • 1st weekly resistance at 4.225/4.24    90% to hold
  • 2nd weekly resistance at 4.09/4.11     

 

Bloomberg: Powell Says He’ll Stay at Fed for ‘Period’ of Time’ After Term as Chair Ends

Jim Bianco Joins Bloomberg TV 

Intraday Commentary From Jim Bianco

This is the Senate Banking Committee voting to advance Warsh’s nomination to the full Senate for confirmation with a recommendation to confirm. Their recommendation comes from a majority of the members voting yes. So this is not the final vote, but the next step in the process.

There is just one example Of a nominee advancing from the Senate Banking Committee and not getting confirmed. Judy Shelton in 2021.

But that was unique, as Republican senators who were going to vote for her got COVID and were barred from the Senate floor. She failed 47-50. Otherwise, she would have been 50/50 with VP Pence breaking the tie.

So, unless something prevents a bunch of Republicans from getting to the Senate floor to vote for Warsh, he is a done deal.

Brent Crude Oil is up almost 11% since Monday’s low and back to ~$117.

The 10-year yield touched 4.40% a few minutes ago. With Trump announcing that the blockade will continue, we are stuck in a kind of Cold War scenario.

No War (so shooting); No Peace; No Shipping; No Crude Oil, LNG, Fertilizer, and Helium. In other words, nothing is happening, which means oil is still not flowing and the squeeze is growing and prices are trending higher.

Orange is the VIX – the market expectation for volatility (or risk) over the NEXT 30 days. Blue is realized volatility – what volatility (or risk has been over the LAST 30 days. The bottom panel is the difference.
On March 27, when Dated Brent was above $140, the spread was high (big green bars), indicating higher risk, so the VIX (NEXT 30 days) was trading at a big premium to realized (the LAST 30 days). Now that the spread is effectively zero, meaning the stock market sees no “extra risk” over the next 30 days.
Restated: Crude up $10 in 48 hours. The 10-year yield is now 4.40%. No resolution to the war is apparent. The stock market … nothing to see here.

In the News

To hear more on this topic, tune in to our Arbor Data Science Podcast: SPR: A Behind the Scenes Weapon

Upcoming US Treasury Supply

Upcoming Economic Releases & Fed Speak 

Upcoming Earnings Releases for Thursday, April 30, 2026

Noteworthy After-the-Close Earnings Releases

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