US Treasuries
- Thursday’s range for UST 10y: 4.435% – 4.54%, closing at 4.45%
- Fed’s Barr: says supply chain disruptions could boost inflation
WSJ: Powell Steers New Strategy for a World Where Very Low Rates Are No Longer a Sure Thing
Forthcoming changes to the Federal Reserve’s rate-setting framework are unlikely to influence officials’ current decisions. But the expected changes acknowledge that the ‘lower-for-longer’ interest-rate era may be over.
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
OilPrice: BP Takeover Speculation Is Heating Up
Rumors of a potential takeover of BP are circulating, with ExxonMobil being a possible key contender.
EIA: EIA forecasts world oil consumption growth to slow amid less economic activity
Live Now Fox: Here’s how hard it is to afford a home today vs. 25 years ago
Home prices have surged 197% since 2000, while median household income has only risen 40%, making homes more than twice as expensive relative to income compared to 25 years ago.
National Association of Realtors: Housing Affordability and Supply
Arbor Data Science: U.S. Domestic Migration with a Spotlight on Florida
USA Today: Rising beef prices may chill your grill on cookouts from Memorial Day to end of summer
The average per-pound price of 100% ground beef increased to $5.80 in April, a nearly 13% gain over the past 12 months, according to the St. Louis Federal Reserve Bank.
Upcoming Economic Releases & Fed Speak
- 5/16/2025: Fed’s Barkin Gives Commencement Speech
- 5/16/2025 at 08:30am EST: Housing Starts / Housing Starts MoM
- 5/16/2025 at 08:30am EST: Building Permits / Building Permits MoM
- 5/16/2025 at 08:30am EST: Import Price Index MoM and YoY / Import Price Index ex Petroleum
- 5/16/2025 at 08:30am EST: Export Price Index MoM and YoY
- 5/16/2025 at 08:30am EST: New York Fed Services Business Activity
- 5/16/2025 at 10:00am EST: U. of Mich. Sentiment / Current Conditions / Expectations
- 5/16/2025 at 10:00am EST: U. of Mich. 1 Yr Inflation / 5-10 Yr Inflation
- 5/16/2025 at 04:00pm EST: Net Long-term TIC flows / Total Net TIC Flows
- 5/16/2025 at 09:40pm EST: Fed’s Daly Gives Commencement Address
- 5/18/2025 at 05:20pm EST: Fed’s Williams Gives Commencement Address
- 5/18/2025 – 5/21/2025: Federal Reserve Bank of Atlanta’s 2024 Financial Markets
- 5/19/2025 at 08:30am EST: Bostic Gives Opening Remarks
- 5/19/2025 at 08:45am EST: Fed’s Jefferson Gives Keynote, Bostic Moderates
- 5/19/2025 at 08:45am EST: Fed’s Williams Speaks in Moderated Discussion
- 5/19/2025 at 10:00am EST: Leading Index
- 5/19/2025 at 01:15pm EST: Fed’s Logan Moderates Panel at Atlanta Fed Conference
- 5/20/2025 at 08:30am EST: Philadelphia Fed Non-Manufacturing Activity
- 5/20/2025 at 09:00am EST: Fed’s Bostic Gives Opening Remarks
- 5/20/2025 at 09:00am EST: Fed’s Barkin Gives Speech at Richmond Fed Conference
- 5/20/2025 at 09:30am EST: Fed’s Collins Hosts Fed Listens Event in New Hampshire
- 5/20/2025 at 01:00pm EST: Fed’s Musalem Speaks on Economy, Policy
- 5/20/2025 at 07:00pm EST: Fed’s Hammack, Daly Give Keynote, Bostic Moderates
- 5/21/2025 at 07:00am EST: MBA Mortgage Applications
- 5/21/2025 at 12:15pm EST: Fed’s Barkin, Bowman Participate in Fed Listens
- 5/22/2025 at 08:30am EST: Chicago Fed Nat Activity Index
- 5/22/2025 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg / Continuing Claims
- 5/22/2025 at 08:30am EST: S&P Global US Manufacturing PMI / Services PMI / Composite PMI
- 5/22/2025 at 10:00am EST: Existing Home Sales / Existing Home Sales MoM
- 5/22/2025 at 10:00am EST: Kansas City Fed Manf. Activity
- 5/22/2025 at 02:00pm EST: Fed’s Williams Gives Keynote Remarks