US Treasuries
- Monday’s range for UST 10y: 4.40% – 4.44%, closing at 4.425%
- Monday’s range for UST 30y: 4.95% – 4.99%, closing at 4.97%
- Fed’s Hammack: supports wait-and-see posture on rates
- Fed’s Waller: says ample reserve estimate is too low
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Jim Bianco joins the Schwab Network
Jim Bianco joins Fox Business
Intraday Commentary from Jim Bianco
Since Friday morning, the 30-year yield has increased by more than 13 basis points to 4.98%. There has been no real economic news.
Or maybe the economic news is that Trump found a loophole to fire Powell “for cause.” The betting that Powell gets fired continues to rise.
Remember that last Wednesday and Thursday were the 10-year and 30-year auctions respectively. The buyers now have unrealized losses.
This is getting close to crossing. Japan’s economy is improving, while China’s is deteriorating.
In the News
Notable Upcoming Earnings Releases this week:
OilPrice: DOE Okays Exchange From SPR to Exxon to Ease Crude Quality Issue
Axios: Fastest, slowest growing rents in South Florida
Upcoming Economic Releases & Fed Speak
- 7/15/2025 at 08:30am EST: Real Avg Weekly Earnings YoY
- 7/15/2025 at 08:30am EST: Empire Manufacturing
- 7/15/2025 at 08:30am EST: CPI MoM / CPI Ex Food and Energy MoM
- 7/15/2025 at 08:30am EST: CPI YoY / CPI Ex Food and Energy YoY
- 7/15/2025 at 08:30am EST: CPI Index NSA / CPI Core Index SA
- 7/15/2025 at 08:30am EST: Real Avg Hourly Earnings YoY
- 7/15/2025 at 09:15am EST: Fed’s Bowman Gives Welcoming Remarks
- 7/15/2025 at 12:45pm EST: Fed’s Barr Speaks on Financial Inclusion
- 7/15/2025 at 01:00pm EST: Fed’s Barkin Gives Speech in Baltimore
- 7/15/2025 at 02:45pm EST: Fed’s Collins will deliver closing keynote remarks
- 7/15/2025 at 06:45pm EST: Fed’s Logan Speaks on the Economy
- 7/16/2025 at 07:00am EST: MBA Mortgage Applications
- 7/16/2025 at 08:00am EST: Fed’s Barkin Gives Speech in Westminster, MD
- 7/16/2025 at 08:30am EST: PPI Final Demand MoM / PPI Ex Food and Energy MoM
- 7/16/2025 at 08:30am EST: PPI Ex Food, Energy, Trade MoM
- 7/16/2025 at 08:30am EST: PPI Final Demand YoY / PPI Ex Food and Energy YoY
- 7/16/2025 at 08:30am EST: New York Services Business Activity
- 7/16/2025 at 08:30am EST: PPI Ex Food, Energy, Trade YOY
- 7/16/2025 at 09:15am EST: Industrial Production MoM / Capacity Utilization
- 7/16/2025 at 09:15am EST: Manufacturing (SIC) Production
- 7/16/2025 at 09:15am EST: Fed’s Hammack speaks on community development
- 7/16/2025 at 10:00am EST: Fed’s Barr Speaks on Financial Regulation
- 7/16/2025 at 02:00pm EST: Fed Releases Beige Book
- 7/16/2025 at 05:30pm EST: Fed’s Williams speaks on economic outlook, policy
- 7/17/2025 at 08:30am EST: Retail Sales Advance MoM / Retail Sales Ex Auto and Gas
- 7/17/2025 at 08:30am EST: Retail Sales Ex Auto MoM / Retail Sales Control Group
- 7/17/2025 at 08:30am EST: Import Price Index MoM / Import Price Index ex Petroleum
- 7/17/2025 at 08:30am EST: Import Price Index YoY
- 7/17/2025 at 08:30am EST: Export Price Index MoM / Export Price Index YoY
- 7/17/2025 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg
- 7/17/2025 at 08:30am EST: Continuing Claims
- 7/17/2025 at 08:30am EST: Philadelphia Fed Business Outlook
- 7/17/2025 at 10:00am EST: Fed’s Kugler Speaks on Housing Market and Economic Outlook
- 7/17/2025 at 10:00am EST: Business Inventories
- 7/17/2025 at 10:00am EST: NAHB Housing Market Index
- 7/17/2025 at 12:45pm EST: Fed’s Daly Appears on BTV
- 7/17/2025 at 01:30pm EST: Fed’s Cook Speaks on Artificial Intelligence and Innovation
- 7/17/2025 at 04:00pm EST: Net Long-term TIC Flows / Total Net TIC Flows
- 7/17/2025 at 06:30pm EST: Fed’s Waller Speaks on Economic Outlook
- 7/18/2025 at 08:30am EST: Housing Starts & Housing Starts MoM
- 7/18/2025 at 08:30am EST: Building Permits & Building Permits MoM
- 7/18/2025 at 10:00am EST: U. of Mich. Sentiment & U. of Mich. Current Conditions
- 7/18/2025 at 10:00am EST: U. of Mich. Expectations & U. of Mich. 1 Yr Inflation & U. of Mich. 5-10 Yr Inflation
- 7/19/2025 – 7/31/2025: Fed’s External Communications Blackout
- 7/21/2025 at 10:00am EST: Leading Index