End of Day Summary – July 1, 2026

US Treasuries

Treasury yields were mixed with the yield on the 10y Note little changed at 4.475%

• 10s closed on Wednesday at 4.475        [Wednesday’s range in 10s: 4.45/4.495] 
• 2s closed on Wednesday at 4.17            [Wednesday’s range in 2s: 4.13/4.195]
• 2y – 5y:   + 6   bps
• 2y – 10y: + 30 bps  

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Jim Bianco Joins Bloomberg TV Talking About Whether the Fed Should Be Raising Rates

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Intraday News Impacting Markets

• Bloomberg: Warsh Says Fed Charting New Course, Repeats No Forward Guidance
• Bloomberg: Warsh Signals Long Road Head for a Smaller Balance Sheet
• First half of the year Bond Sales hit record set in 2020
• New bond sales for the month of July 2026 are projected to be around $100 billion (expected to exceed July 2025 new debt issuance of $81 billion)

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Commodities

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Economic Releases On Deck This Week:

• Change in Nonfarm Payrolls will be released tomorrow, Thursday, July 2, 2026

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Upcoming US Treasury Supply 

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Yahoo!finance: Meta building cloud business to sell excess AI capacity, Bloomberg News Reports

OilPrice: America Bets $50 Billion on Coal and Gas Power as Electricity Demand Soars

SupplyChainBrain: Shipping Rates Surge as Peak Demand Builds Early 

The Drive: New EV Sales Have Cratered, But the Used Market Is Setting Records