US Treasuries
- Thursday’s range for UST 10y: 4.28% – 4.38%, closing at 4.37%
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Intraday Commentary From Jim Bianco
Johnson Redbook measures same-store sales weekly. Chart is current through last week: May 2nd.
In Other News
Freight Waves: US Container imports see one of the strongest Aprils ever
Shippers in April raced to bring in shipments ahead of steep tariffs, driving a surge in U.S. containerized imports.
Arbor Data Science: Global Supply Chain Update
Tech Crunch:
The tech layoff wave is still kicking in 2025. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs.fyi.
Successful Farming: Soybean Planting Outpaces Expectations in USDA’s May 5 Update
The USDA said that as of May 4, 30% of the soybean crop across all top 18 states had been planted. That’s notably ahead of the five-year average of 23%.
The Washington Post: Why Brazil’s soy farmers love Trump and his tariffs on China
Brazil accounted for more than 70 percent of soy exports to China last year and Trump’s trade war could allow it to solidify its market dominance.
Gallup: Housing Market Perceptions Dampen Homebuying Intentions
Less than a third of non-homeowners expect to buy a home in the next five years
Upcoming Economic Releases & Fed Speak
- 5/09/2025 at 05:55am EST: Fed’s Barr Gives Speech on AI and the Labor Market
- 5/09/2025 at 06:45am EST: Fed’s Kugler Gives Speech on Maximum Employment
- 5/09/2025 at 08:30am EST: Fed’s Williams Gives Keynote Address in Reykjavik
- 5/09/2025 at 08:30am EST: Fed’s Barkin Takes Part in Fireside Chat in Virginia
- 5/09/2025 at 10:00am EST: Fed’s Goolsbee Gives Remarks at Fed Listens Event
- 5/09/2025 at 11:30am EST: Fed’s Williams, Waller on Panel at Hoover
- 5/09/2025 at 07:45pm EST: Fed’s Musalem, Hammack, Cook on Panel at Hoover
- 5/11/2025: Fed’s Barkin Gives Commencement Speech
- 5/12/2025 at 10:25am EST: Fed’s Kugler Speaks in Dublin
- 5/12/2025 at 02:00pm EST: Federal Budget Balance
- 5/13/2025 at 06:00am EST: NFIB Small Business Optimism
- 5/13/2025 at 08:30am EST: Real Avg Weekly Earnings YoY
- 5/13/2025 at 08:30am EST: CPI MoM / CPI Ex Food and Energy MoM / CPI YoY
- 5/13/2025 at 08:30am EST: CPI Ex Food and Energy YoY / CPI Index NSA / CPI Core Index SA
- 5/13/2025 at 08:30am EST: Real Avg Hourly Earnings YoY
- 5/14/2025 at 07:00am EST: MBA Mortgage Applications
- 5/14/2025 at 05:40pm EST: Fed’s Daly Speaks in Fireside Chat
- 5/15/2025 at 08:30am EST: Retail Sales Advance MoM / Retail Sales Ex Auto and Gas / Retail Sales Ex Auto MoM
- 5/15/2025 at 08:30am EST: PPI Final Demand MoM
- 5/15/2025 at 08:30am EST: Empire Manufacturing
- 5/15/2025 at 08:30am EST: PPI Ex Food and Energy MoM / PPI Ex Food, Energy, Trade MoM
- 5/15/2025 at 08:30am EST: PPI Final Demand YoY / PPI Ex Food and Energy YoY
- 5/15/2025 at 08:30am EST: Philadelphia Fed Business Outlook
- 5/15/2025 at 08:30am EST: Retail Sales Control Group
- 5/15/2025 at 08:30am EST: PPI Ex Food, Energy, Trade YoY
- 5/15/2025 at 08:30am EST: Initial Jobless Claims 4-Wk Moving Avg / Continuing Claims
- 5/15/2025 at 08:40am EST: Fed’s Powell Gives Opening Remarks at Framework Conference
- 5/15/2025 at 09:15am EST: Industrial Production MoM
- 5/15/2025 at 09:15am EST: Capacity Utilization / Manufacturing (SIC) Production
- 5/15/2025 at 10:00am EST: Business Inventories
- 5/15/2025 at 10:00am EST: NAHB Housing Market Index
- 5/15/2025 – 5/16/2025 EST: 2nd Thomas Laubach Research Conference