US Treasuries
- Treasuries rallied off of tame inflation data and a better than predicted 30y auction
- Thursday’s range for UST 10y: 4.34% – 4.42%, closing at 4.36%
- Thursday’s range for UST 30y: 4.83% – 4.915%, closing at 4.84%
Jim Bianco Intraday Commentary – Continuation from Wednesday…
Again, the 20-year auction was an outlier. The 10-year TIP, 2,5,7,10, and 30-year coupon auctions were strong.
The 3-year period was disappointing, but not a disaster.
All the talk/worry about the ability to sell Treasuries was totally misplaced. This was never the case.
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Arbor Data Science: Some U.S. Travelers Turn Away From the U.S.
In the News
Port Technology: Red Sea volumes remain 60 percent below pre-conflict levels
Upcoming Economic Releases & Fed Speak
- 6/07/2025 – 6/19/2025: Fed’s External Communications Blackout
- 6/13/2025 at 10:00am EST: U. of Mich. Sentiment/U. of Mich. Current Conditions
- 6/13/2025 at 10:00am EST: U. of Mich. Expectations/ U. of Mich. 1 Yr Inflation
- 6/13/2025 at 10:00am EST: U. of Mich. 5-10 Yr Inflation
- 6/16/2025 at 08:30am EST: Empire Manufacturing
- 6/17/2025 at 08:30am EST: Retail Sales Advance MoM & Retail Sales Ex Auto and Gas
- 6/17/2025 at 08:30am EST: Retail Sales Ex Auto MoM & Import Price Index MoM
- 6/17/2025 at 08:30am EST: Retail Sales Control Group & Import Price Index ex Petroleum MoM
- 6/17/2025 at 08:30am EST: Import Price Index YoY / Export Price Index MoM
- 6/17/2025 at 08:30am EST: Export Price Index YoY
- 6/17/2025 at 08:30am EST: New York Fed Services Business Activity
- 6/17/2025 at 09:15am EST: Industrial Production MoM & Capacity Utilization
- 6/17/2025 at 09:15am EST: Manufacturing (SIC) Production
- 6/17/2025 at 10:00am EST: Business Inventories & NAHB Housing Market Index
- 6/18/2025 at 08:30am EST: MBA Mortgage Applications
- 6/18/2025 at 08:30am EST: Housing Starts / Building Permits
- 6/18/2025 at 08:30am EST: Housing Starts MoM / Building Permits MoM
- 6/18/2025 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg
- 6/18/2025 at 08:30am EST: Continuing Claims
- 6/18/2025 at 02:00pm EST: FOMC Rate Decision
- 6/18/2025 at 04:00pm EST: Net Long-term TIC Flows / Total Net TIC Flows