US Treasuries
Bloomberg: Key Takeaways From Fed Decision to Lower Interest Rates
- Wednesday’s range for UST 10y: 3.99% – 4.075%, closing at 4.07%
- Wednesday’s range for UST 30y: 4.60% – 4.68%, closing at 4.67%
- Tomorrow, Thursday, 9/18: $19 billion 10y TIPS Auction (Reopening)
Arbor Data Science: TIPS on Top of Treasuries
Intraday Commentary From Bianco Research
Miran was also almost certainly the one outlier projection for a year-end funds rate of 2.875%. It was not Trump’s desired 1% rate, but a 2.875% rate would mean five rate cuts in the final two meetings of the year.
This is a good example of why the Fed deals in median projections and not averages.
In the News
Supply Chain Brain: U.K. Pharma Firm Pledges Massive Investment in U.S.
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
- 9/18/2025 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
- 9/19/2025 at 02:30pm EST: Fed’s Daly Speaks on a Fireside Chart About AI
- 9/22/2025 at 08:30am EST: Chicago Fed Nat Activity Index
- 9/22/2025 at 09:45am EST: Fed’s Williams Speaks on Monetary Policy Panel
- 9/22/2025 at 10:00am EST: Fed’s Musalem Speaks of Economic Outlook and Monetary Policy
- 9/22/2025 at 12:00pm EST: Fed’s Hammack Speaks on Reserve Banks and the Economy
- 9/22/2025 at 12:00pm EST: Fed’s Barkin Speaks at Howard Co Chamber
- 9/23/2025 at 08:30am EST: Philadelphia Fed Non-Manufacturing PMI
- 9/23/2025 at 08:30am EST: Current Account Balance
- 9/23/2025 at 09:45am EST: S&P Global US Manufacturing PMI / Services PMI/ Composite PMI
- 9/23/2025 at 10:00am EST: Existing Home Sales / MoM
- 9/23/2025 at 10:00am EST: Richmond Fed Manufact. Index / Business Conditions
- 9/24/2025 at 07:00am EST: MBA Mortgage Applications
- 9/24/2025 at 10:00am EST: New Homes Sales / MoM / Building Permits/ MoM
- 9/24/2025 at 04:10pm EST: Fed’s Daly Gives Keynote Remarks on Monetary Policy