US Treasuries
Treasury yields rose on Friday with the yield on the UST 2 year note climbing 6 bps to 4.21%
- 10s closed on Friday at 4.565 [Friday’s range in 10s: 4.52/4.57]
- 2s closed on Friday at 4.20 [Friday’s range in 2s: 4.15/4.21]
- 2y – 5y: + 10 bps
- 2y – 10y: + 36 bps
Commodities
- Gold decreased to $4,100.16 an ounce [76% of its recent high of $5,417 an ounce on 1/28/26]
- Silver decreased to $59.55 an ounce [51% of its recent high of $116.70 an an ounce on 1/28/26]
- Copper increased to 621.50 [93% of its recent high of 667 on 6/2/26]
On Deck Next Week:
- Inflation data… CPI will be released on Tuesday, 7/14/26, followed by PPI will be released on Wednesday, 7/15/26
- Fed Chair Warsh testifies before the House Financial Services (Tuesday, 7/14/26 at 10:00am EST) and Senate Banking Committee on its Semi-Annual Monetary Policy Report (on Wednesday, 7/15/26 at 10:00am EST)
- Major Banks Kick Off Q2 Earnings Season: JP Morgan, Goldman Sachs, Bank of America, Citi and Wells Fargo will report before the open on Tuesday, July 14th, followed by Morgan Stanley and PNC on Wednesday, July 15th
Upcoming US Treasury Supply
U.S. Treasury Trade Fails
As of 07/09/2026, U.S. Treasury Fails were $26.65 Billion Agency Fails were $56.49 Million
TIPS By Maturity
Week over Week Changes by Maturity
- < 2 years: $22.7 Bn on 6/24/2026 to $21.3 Bn on 7/1/2026 = ($1.4) Bn
- 2 – 6 years: $5.2 Bn on 6/24/2026 to $3.9 Bn on 7/1/2026 = ($1.3) Bn
- 6 – 11 years: $3.0 Bn on 6/24/2026 to $3.5 Bn on 7/1/2026 = $0.5 Bn
- > 11 years: $1,245 Mn on 6/24/2026 to $949 Mn on 7/1/2026 = ($296) Mn
S&P 500 Put / Call Ratio
- CBOE SPX Put/Call Ratio (open interest) on 7/9/2026: 1.35
- CBOE SPX Put/Call Ratio (volume) on 7/9/2026: 1.08
In the News
- Javier Blas on X:
- zerohedge: “GPIF To the Rescue?” Yen Jumps After Japan Urges Pension Funds To Invest More At Home
- SupplyChainBrain: U.S. Supply Chain Activity Highest Since 2022
Upcoming Economic Releases & Fed Speakers
- 7/13/2026 at 05:25am EST: Fed’s Bowman Speaks on Financial Regulation
- 7/13/2026 at 12:30pm EST: Fed’s Waller Speaks at NYABE
- 7/14/2026 at 08:30am EST: CPI MoM / YoY
- 7/14/2026 at 10:00am EST: Fed Chair Warsh Testifies at House Financial Service Cmte
- 7/14/2026 at 12:40pm EST: Fed’s Barr Speaks on Artificial Intelligence
- 7/14/2026 at 01:00pm EST: Fed’s Goolsbee in Fireside Chat
- 7/14/2026 at 01:30pm EST: Fed’s Cook Speaks at Conference on Financial Inclusion
- 7/14/2026 at 02:55pm EST: Fed’s Bowman Speaks at Conference on Financial Inclusion
- 7/15/2026 at 08:30am EST: PPI Final Demand MoM / YoY
- 7/15/2026 at 08:45am EST: Fed’s Williams Delivers Keynote Remarks
- 7/15/2026 at 10:00am EST: Fed Chair Warsh Testifies Before Senate Banking Committee
- 7/15/2026 at 01:00pm EST: Fed’s Cook Speaks on Economic Outlook
- 7/15/2026 at 02:00pm EST: Fed Releases Beige Book
- 7/15/2026 at 06:30pm EST: Fed’s Musalem Delivers Welcome Remarks
- 7/16/2026 at 08:30am EST: Retail Sales
- 7/16/2026 at 10:00am EST: NAHB Housing Market Index & Pending Home Sales MoM / YoY
- 7/16/2026 at 12:30pm EST: Fed’s Logan Speaks on the Economy and Monetary Policy
- 7/16/2026 at 01:25pm EST: Fed’s Schmid Speaks at Kansas City Fed Economic Forum
- 7/16/2026 at 07:00pm EST: Fed’s Jefferson Speaks on Economy and Monetary Policy
Upcoming Earnings Releases for Monday, July 13, 2026
Noteworthy Before-the-Open Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Fastenal |
FAST |
$0.33 per share |