End of Day Summary – 6/20/2025 – Arbor Research & Trading, LLC

US Treasuries

Friday’s range for UST 10y: 4.36% – 4.44%, closing at 4.37%
UST 10y range for the week: 4.335% – 4.46%
Friday’s range for UST 30y: 4.86% – 4.94%, closing at 4.89%
UST 30y range for the week: 4.85% – 4.96%

Bloomberg: Waller Says Fed Could Cut Interest Rates as Soon as July

Bloomberg: Fed Says Labor Market Balances, Points to Immigration Slowdown

Conference Call Replay:

Click Here for the Replay

Arbor Data Science: Inflation Roundup – June 20, 2025

Upcoming US Treasury Supply

Tentative Schedule of Treasury Buyback Operations

In the News

OilPrice: US Rig Continues to Sag amid Rising U.S. Crude Production

CNN Business: Cybercriminals breach Aflac as part of hacking spree against US insurance industry

Reuters: China floods Brazil with cheap EVs triggering backlash

Axios: Small businesses are using AI, but not spending much

Farms.com: Rising Cattle and Beef Prices Continue in June

Upcoming Economic Releases & Fed Speak

6/22/2025 at 01:15pm EST: Fed’s Daly Gives Remarks on Monetary Policy
6/23/2025 at 03:00am EST: Fed’s Waller Gives Opening Remarks
6/23/2025 at 09:45am EST: S&P Global US Manufacturing
6/23/2025 at 09:45am EST: S&P Global US Services PMI / Composite PMI
6/23/2025 at 10:00am EST: Bowman Speaks on Monetary Policy and Banking
6/23/2025 at 10:00am EST: Existing Home Sales / Existing Home Sales MoM
6/23/2025 at 01:10pm EST: Fed’s Goolsbee Speaks in Moderated Discussion
6/23/2025 at 02:30pm EST: Fed’s Williams, Kugler Host Fed Listens Event
6/23/2025 at 02:30pm EST: Fed’s Kugler Gives Welcoming Remarks
6/24/2025 at 08:30am EST: Philadelphia Fed Non-Manufacturing Activity
6/24/2025 at 08:30am EST: Current Account Balance
6/24/2025 at 09:00am EST: FHFA House Price Index MoM
6/24/2025 at 09:00am EST: S&P CoreLogic CS 20-City MoM SA and YoY NSA
6/24/2025 at 09:00am EST: S&P CoreLogic US HPI YoY NSA
6/24/2025 at 09:15am EST: Fed’s Hammack Speaks on Monetary Policy
6/24/2025 at 10:00am EST: Fed’s Powell to Deliver Seminannual Policy Testimony
6/24/2025 at 10:00am EST: Richmond Fed Manufact. Index
6/24/2025 at 10:00am EST: Richmond Fed Business Conditions
6/24/2025 at 10:00am EST: Conf. Board Consumer Confidence/Present Situation/Expectations
6/24/2025 at 12:30pm EST: Fed’s Williams Gives Keynote Remarks
6/24/2025 at 02:00pm EST: Fed’s Collins Speaks on State of Nation’s Housing
6/24/2025 at 04:00pm EST: Fed’s Barr Gives Welcoming Remarks
6/25/2025 at 07:00am EST: MBA Mortgage Applications
6/25/2025 at 10:00am EST: New Home Sales / New Home Sales MoM
6/25/2025: Building Permits / Building Permits MoM
6/26/2025 at 08:30am EST: Advance Goods Trade Balance / Advance Goods Exports & Imports MoM
6/26/2025 at 08:30am EST: Wholesale Inventories MoM / Retail Inventories MoM
6/26/2025 at 08:30am EST: GDP Annualized QoQ
6/26/2025 at 08:30am EST: Core PCE Price Index QoQ
6/26/2025 at 08:30am EST: Chicago Fed Nat Activity Index
6/26/2025 at 08:30am EST: Durable Goods Orders Nondef Ex Air
6/26/2025 at 08:30am EST: Durable Goods Ex Transportation
6/26/2025 at 08:30am EST: Cap Goods Orders Nondef Ex Air
6/26/2025 at 08:30am EST: Cap Goods Ship Nondef Ex Air
6/26/2025 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg
6/26/2025 at 08:30am EST: Continuing Claims
6/26/2025 at 08:45am EST: Fed’s Barkin Speaks on the Economy
6/26/2025 at 09:00am EST: Fed’s Hammack Gives Opening Remarks
6/26/2025 at 10:00am EST: Pending Home Sales MoM and YoY
6/26/2025 at 11:00am EST: Kansas City Fed Manf. Activity
6/26/2025 at 01:15am EST: Fed’s Barr Speaks on Community Development
6/27/2025 at 07:30am EST: Fed’s Williams Serves as Session Chair
6/27/2025 at 08:30am EST: Personal Income / Personal Spending
6/27/2025 at 08:30am EST: PCE Price Index MoM and YoY
6/27/2025 at 08:30am EST: Core PCE Price Index MoM and YoY
6/27/2025 at 09:00am EST: Bloomberg June United States Economic Survey
6/27/2025 at 09:15am EST: Fed’s Hammock, Cook Participate in Fed Listens
6/27/2025 at 10:00am EST: U. of Mich. Sentiment / Current Conditions
6/27/2025 at 10:00am EST: U. of Mich. Expectations
6/27/2025 at 10:00am EST: U. of Mich. 1 Yr Inflation / 5-10 Yr Inflation
6/27/2025 at 11:00am EST: Kansas city Fed Services Activity

End of Day Summary – 6/20/2025

Intraday News • June 20, 2025

Edited by Kristen Radosh & Kylie Leverenz

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