US Treasuries
The Ten year Note traded in a narrow range again today, closing at 4.54%
- 10s closed on Friday at 4.54 [Friday’s range in 10s: 4.51/4.55]
- 2s closed on Friday at 4.17 [Friday’s range in 2s: 4.11/4.17]
- 2y – 5y: + 10 bps
- 2y – 10y: + 37 bps
Fed’s Hammack: Sees No Conflict in Fed’s Goals, Inflation Is Her Worry
Bloomberg: BlackRock’s T-Bill ETF Rides Cash Boom Toward $100 Billion Mark
Intraday News From Jim Bianco
Lots of hyperventilation about the stock market. But … as of last night’s close, the S&P 500 is just 1% off its all-time high (set last month). It will be down today.
The NASDAQ 100 (NDX or the QQQ ETF) is off 5% from its all-time high before today.
Commodities
- Gold increased to $4,011.958 an ounce [74% of its recent high of $5,417 an ounce on 1/28/26]
- Silver increased to $56.02 an ounce [48% of its recent high of $116.70 an an ounce on 1/28/26]
- Copper decreased to 622.00 [93% of its recent high of 667 on 6/2/26]
Upcoming US Treasury Supply
U.S. Treasury Trade Fails
As of 07/16/2026, U.S. Treasury Fails were $33.47 Billion Agency Fails were $2.69 Million
TIPS By Maturity
Week over Week Changes by Maturity
- < 2 years: $21.3 Bn on 7/1/2026 to $22.8 Bn on 7/8/2026 = $1.5 Bn
- 2 – 6 years: $3.9 Bn on 7/1/2026 to $4.6 Bn on 7/8/2026 = $1.7 Bn
- 6 – 11 years: $3.5 Bn on 7/1/2026 to $3.6 Bn on 7/8/2026 = $0.1 Bn
- > 11 years: $949 Mn on 7/1/2026 to $1,042 Mn on 7/8/2026 = $93 Mn
S&P 500 Put / Call Ratio
- CBOE SPX Put/Call Ratio (open interest) on 7/16/2026: 1.36
- CBOE SPX Put/Call Ratio (volume) on 7/16/2026: 1.17
Intraday the News
- OilPrice: The No.1 Commodity Story of the Year Is Flying Under Wall Street’s Radar
- Successful Farming: U.S. Tariffs on Brazil Are a Bitter Pill for Sugar and Ethanol Makers
- Realtor.com: Short Sales Are Rising as Underwater Homeowners Try To Dodge Foreclosure
Upcoming Economic Releases & Fed Speakers
- 7/21/2026 at 08:15am EST: ADP Weekly Employment Change
- 7/23/2026 at 08:30am EST: Initial Jobless Claims / Continuing Claims
- 7/24/2026 at 09:45am EST: S&P Global US Manufacturing PMI / Services PMI / Composite PMI
- 7/24/2026 at 10:00am EST: New Home Sales
- 7/18/2026 – 7/30/2026 : Fed’s External Communication Blackout
Upcoming Earnings Releases for Monday, July 20, 2026
Noteworthy Before-the-Open Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Domino’s Pizza |
DPZ |
$4.17 per share |
Noteworthy After-the-Close Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
BOK Financial |
BOKF |
$2.68 per share |
|
Calix Networks |
CALX |
0.41 |
|
Crown |
CCK |
2.17 |
|
Monarch Casino & Resort |
MCRI |
1.67 |
|
Steel Dynamics |
STLD |
3.64 |
|
W.R. Berkley |
WRB |
1.08 |
|
Wintrust Fin |
WTFC |
3.15 |
|
Zions Bancorp |
ZION |
1.57 |