US Treasuries
- Thursday’s range for UST 10y: 3.99% – 4.06%, closing at 4.00%
- Thursday’s range for UST 30y: 4.635% – 4.71%, closing at 4.645%
Replay of our Conference Call featuring Jim Bianco
Intraday Commentary from Jim Bianco
I labeled this with the major holidays for 2025. Claims have jumped around every holiday this year, although Labor Day is the biggest of the jumps.
The BLS has long admitted that they have problems with the seasonal adjustments around holiday weeks, and the four-day work week does impact the rate of claims filings.
So just like I said last week, which was the week before Labor Day, this week is the week of Labor Day, let’s give it a couple of weeks to see where it goes.
Red headline on Bloomberg… *GOLD SURPASSES INFLATION-ADJUSTED RECORD HIGH SET IN 1980.
Actually, we had gold crossing above its 1980 inflation-adjusted peak earlier this year.
In the News
Successful Farming: Varying Factors Boost Beef, Pork Production as Lamb Declines
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Upcoming Economic Releases & Fed Speak
- 9/06/2025 – 09/18/2025: Fed’s External Communications Blackout
- 9/12/2025 at 10:00am EST: U. of Mich. Sentiment / Current Conditions / Expectations
- 9/12/2025 at 10:00am EST: U. of Mich. 1 Yr Inflation / 5-10 Yr Inflation
- 9/15/2025 at 08:30am EST: Empire Manufacturing
- 9/16/2025 at 08:30am EST: Retail Sales Advance MoM & Retail Sales Ex Auto MoM
- 9/16/2025 at 08:30am EST: Retail Sales Ex Auto and Gas & Retail Sales Control Group
- 9/16/2025 at 08:30am EST: New York Fed Services Business Activity
- 9/16/2025 at 08:30am EST: Import Price Index MoM & Import Price Index ex Petroleum MoM
- 9/16/2025 at 08:30am EST: Import Price Index YoY
- 9/16/2025 at 08:30am EST: Export Price Index MoM & Export Price Index YoY
- 9/16/2025 at 09:15am EST: Industrial Production MoM & Manufacturing (SIC) Production
- 9/16/2025 at 09:15am EST: Capacity Utilization
- 9/16/2025 at 10:00am EST: Business Inventories & NAHB Housing Market Index
- 9/17/2025 at 07:00am EST: MBA Mortgage Applications
- 9/17/2025 at 08:30am EST: Housing Starts and Building Permits
- 9/17/2025 at 02:00pm EST: FOMC Rate Decision
- 9/17/2025 at 02:00pm EST: Fed Interest on Reserve Balances Rate / Fed Reverse Repo Rate
- 9/17/2025 at 02:00pm EST: FOMC Median Rate Forecast: Current Yr / Next Yr / +2 Yrs / + 3 Yrs/ Long-Run
- 9/18/2025 at 08:30am EST: Initial Jobless Claims / Initial Jobless 4-Wk Moving Avg / Continuing Claims
- 9/18/2025 at 08:30am EST: Philadelphia Fed Business Outlook
- 9/18/2025 at 10:00am EST: Leading Index
- 9/18/2025 at 04:00pm EST: Net Long-term TIC Flows / Total Net TIC Flows