US Treasuries
- Treasuries rallied after job openings fell more than estimated
- Wednesday’s range for UST 10y: 4.20% – 4.30%, closing at 4.21%
- Wednesday’s range for UST 30y: 4.88% – 5.00%, closing at 4.89%
- Fed’s Waller: says he favors ‘Multiple Cuts’ in Coming Months
- Fed’s Bostic: still sees One Rate Cut as Appropriate for 2025
- Fed’s Musalem: signals Policy is in Good Place and Warns of Risks
In the News
Bloomberg: Banks Look to Grab Their Share of Spoils From Deposit Swap Boom
ZeroHedge: ConocoPhillips To Slash Up to 25% of Workforce
OilPrice: Oil Prices Dip 2% as OPEC+ Considers Ramping Up Supply
Newsweek: This Pandemic Boomtown Is Now Solidly A Buyer’s Housing Market
Axios: Trump’s return to office worked
Upcoming US Treasury Supply
Tentative Schedule of Treasury Buyback Operations
Upcoming Economic Releases & Fed Speak
- 9/04/2025 at 07:30am EST: Challenger Job Cuts YoY
- 9/04/2025 at 08:15am EST: ADP Employment Change
- 9/04/2025 at 08:30am EST: Nonfarm Productivity
- 9/04/2025 at 08:30am EST: Unit Labor Costs
- 9/04/2025 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg / Continuing Claims
- 9/04/2025 at 08:30am EST: Trade Balance
- 9/04/2025 at 08:30am EST: Exports MoM / Imports MoM
- 9/04/2025 at 09:45am EST: S&P Global US Services PMI / S&P Global US Composite PMI
- 9/04/2025 at 10:00am EST: ISM Services Index/Prices Paid/New Orders/Employment
- 9/04/2025 at 11:30am EST: Fed’s Williams Speaks on Economic Outlook and Monetary Policy
- 9/04/2025 at 07:00pm EST: Fed’s Goolsbee Appears in a Modersted Q&A
- 9/05/2025 at 08:30am EST: Change in Nonfarm Payrolls / Change in Manufact. Payrolls
- 9/05/2025 at 08:30am EST: Nonfarm Payrolls 3-Mo Avg Chg / Two-Month Payroll Net Revision
- 9/05/2025 at 08:30am EST: Average Hourly Earnings MoM/YoY/ Average Weekly Hours All Employmees
- 9/05/2025 at 08:30am EST: Unemployment Rate
- 9/05/2025 at 08:30am EST: Labor Force Participation Rate / Underemployment Rate
- 9/06/2025 – 09/18/2025: Fed’s External Communications Blackout
- 9/08/2025 at 11:00am EST: NY Fed 1-Yr Inflation Expectations
- 9/08/2025 at 03:00pm EST: Consumer Credit
- 9/09/2025 at 06:00am EST: NFIB Small Business Optimism
- 9/09/2025 at 10:00am EST: BLS Prelim Benchmark Revision to Establishment Survey Data
- 9/10/2025 at 07:00am EST: MBA Mortgage Applications
- 9/10/2025 at 08:30am EST: PPI Final Demand MoM/ PPI Ex Food and Energy MoM
- 9/10/2025 at 08:30am EST: PPI Ex Food, Energy, Trade MoM, PPI Final Demand YoY
- 9/10/2025 at 08:30am EST: PPI Ex Food and Energy YoY / PPI Ex Food, Energy, Trade YoY
- 9/10/2025 at 10:00am EST: Wholesale Inventories MoM / Wholesale Trade Sales MoM