US Treasuries
- 10s closed on Friday at 4.30
- April’s range has been: 4.225/4.38
- Range for the last two weeks has been: 4.225/4.36
- 1st daily support is 4.33/4.34 50% to hold
- 1st weekly support at 4.36/4.38 80% to hold
- 2nd weekly support at 4.43/4.45 90% to hold
- 1st daily resistance is 4.28/4.29 90% to hold
- 1st weekly resistance at 4.225/4.24 75% to hold
- 2nd weekly resistance at 4.09/4.11 90% to hold
- 1st monthly resistance at 4.095/4.125 50% to hold
Bloomberg: DOJ Drops Powell Probe, Smoothing Path for Warsh to Lead Fed
U.S. Treasury Trade Fails
As of 4/23/2026, U.S. Treasury Fails were $24.61 billion and U.S. Agency Fails were $7.15 million.
TIPS by Maturity (data through 4/15/2026)
Week over Week Changes by Maturity
- < 2 years: $23.8 Bn on 4/08/2026 to $22.9 Bn on 4/15/2026 = ($0.9) Bn
- 2 – 6 years: $6.9 Bn on 4/08/26 to $6.3 Bn on 4/15/2026 = ($0.6) Bn
- 6 – 11 years: $3.3 Bn on 4/08/2026 to $1.8 Bn on 4/15/2026= ($1.5) Bn
- > 11 years: $815 Mn on 4/08/2026 to $726 Mn on 4/15/2026 = ($89) Mn
Intraday Commentary From Jim Bianco
We may get Warsh done before May 15!
*DOJ EXPECTED TO DROP CRIMINAL PROBE OF POWELL, ABC SAYS
The Bloomberg red headline above is changing things:
In the News
Business Insider: The AI gold rush is pulling workers into startups as layoffs and RTO push them out of corporate jobs
Upcoming US Treasury Supply
Treasury Buyback Schedule
Upcoming Economic Releases & Fed Speak
- 4/18/2026 – 4/30/2026: Fed’s External Communications Blackout
- 4/27/2026 at 10:30am EST: Dallas Fed Manf. Activity
- 4/28/2026 at 08:15am EST: ADP Weekly Employment Change
- 4/28/2026 at 09:00am EST: FHFA House Price Index MoM
- 4/28/2026 at 09:00am EST: S&P Cotality CS 20-City MoM and YoY NSA / US HPI YoY NSA
- 4/28/2026 at 10:00am EST: Richmond Fed Manufact. Index and Business Conditions
- 4/28/2026 at 10:00am EST: Conf. Board Consumer Confidence / Present Situation / Expectations
- 4/28/2026 at 10:00am EST: Dallas Fed Services Activity
- 4/29/2026 at 07:00am EST: MBA Mortgage Applications
- 4/29/2026 at 08:30am EST: Retail Inventories MoM
- 4/29/2026 at 08:30am EST: Census Releases February and March Housing Starts Data
- 4/29/2026 at 08:30am EST: Advance Goods Trade Balance / Imports MoM SA / Exports MoM SA
- 4/29/2026 at 08:30am EST: Wholesale Inventories MoM
- 4/29/2026 at 08:30am EST: Housing Starts MoM / Building Permits MoM
- 4/29/2026 at 08:30am EST: Cap Goods Orders Nondef Ex Air / Ship Nondef Ex Air
- 4/29/2026 at 02:00pm EST: FOMC Rate Decision / Fed Interest on Reserve Balances Rate
- 4/29/2026 at 02:00pm EST: Fed Reverse Repo Rate
- 4/30/2026 at 08:30am EST: Personal Income / Personal Spending / Real Personal Spending
- 4/30/2026 at 08:30am EST: PCE Price Index MoM & YoY / Core PCE Price Index MoM & YoY
- 4/30/2026 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg / Continuing Claims
- 4/30/2026 at 08:30am EST: Employment Cost Index
- 4/30/2026 at 08:30am EST: GDP Annualized QoQ / GDP Price Index
- 4/30/2026 at 08:30am EST: Personal Consumption / Core PCE Price Index QoQ
- 4/30/2026 at 09:45am EST: MNI Chicago PMI
- 4/30/2026 at 10:00am EST: Leading Index
- 5/01/2026 at 09:45am EST: S&P Global US Manufacturing PMI
- 5/01/2026 at 10:00am EST: ISM Manufacturing / Prices Paid / New Orders / Employment
- 5/01/2026: Wards Total Vehicle Sales
Upcoming Earnings Releases for Monday, April 27, 2026
Noteworthy Before-the-Open Earnings Releases
Noteworthy After-the-Close Earnings Releases
