US Treasuries
- Monday’s range for UST 10y: 4.35% – 4.42%, closing at 4.365%
- Monday’s range for UST 30y: 4.91% – 4.99%, closing at 4.935%
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Intraday Commentary from Jim Bianco
June Index was released at 9AM CT. This index peaked in December 2021.
It has only increased (green bars, top panel) TWICE in the last 40 months (back to February 2022). But as the bottom panel shows (quarterly GDP), this HAS NOT led to a recession, as streaks of six or more consecutive declining months suggest.
In Other News
Bloomberg: Shale Drillers Turn Against Each Other as Toxic Water Leaks Hit Biggest US Oil Field
Redfin News: 1 in 7 Pending Home Sales Fell Through Last Month, the Highest June Level on Record
The Gazette: AI data centers are using more power. Regular customers are footing the bill
NBC News: Hurricane risk in Florida is escalating. Flood insurance is harder to get.
Upcoming Economic Releases & Fed Speak
- 7/19/2025 – 7/31/2025: Fed’s External Communications Blackout
- 7/22/2025 at 08:30am EST: Fed’s Powell Gives Welcome Remarks at Regulatory Conference
- 7/22/2025 at 08:30am EST: Philadelphia Fed Non-Manufacturing Activity
- 7/22/2025 at 10:00am EST: Richmond Fed Manufact. Index
- 7/22/2025 at 10:00am EST: Richmond Fed Business Conditions
- 7/22/2025 at 01:00pm EST: Fed’s Bowman in Fireside Chat with Sam Altman
- 7/23/2025 at 07:00am EST: MBA Mortgage Applications
- 7/23/2025 at 10:00am EST: Existing Home Sales / Existing Home Sales MoM
- 7/24/2025 at 08:30am EST: Chicago Fed Nat Activity Index
- 7/24/2025 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg / Continuing Claims
- 7/24/2025 at 09:45am EST: S&P Global US Manufacturing PMI / Global US Services PMI / Composite PMI
- 7/24/2025 at 10:00am EST: New Home Sales / New Home Sales MoM
- 7/24/2025 at 11:00am EST: Kansas City Fed Manf. Activity
- 7/24/2025: Building Permits / Building Permits MoM
- 7/25/2025 at 08:30am EST: Durable Goods Orders / Durables Ex Transportation
- 7/25/2025 at 08:30am EST: Cap Goods Orders Nondef Ex Air / Cap Goods Ship Nondef Ex Air
- 7/25/2025 at 11:00am EST: Kansas City Fed Services Activity
- 7/25/2025 at 11:00am EST: Bloomberg July United States Economic Survey
- 7/28/2025 at 10:30am EST: Dallas Fed Manf. Activity
Notable Earnings Releases Tomorrow, Tuesday, July 22nd
Before the Open:
After the Close:
