US Treasuries
Treasuries rallied, with the yield on the UST 10y declining to 4.535%, as lower crude and gasoline prices helped ease inflation worries
- 10s closed on Thursday at 4.535 [Thursday’s range in 10s: 4.525/4.59]
- 2s closed on Thursday at 4.155 [Thursday’s range in 2s: 4.15/4.21]
- 2y – 5y: + 10 bps
- 2y – 10y: + 37 bps
- Fed’s Williams: Says AI Is Now His Main Inflation Concern
- Fed’s Warsh: Names Leadership for Five New Task Forces
- Bloomberg: Repricing of 30-Year Treasury Yield Has Just Begun, PGIM’s Peters Says
Commodities
- Gold increased to $4,124.89 an ounce [76% of its recent high of $5,417 an ounce on 1/28/26]
- Silver increased to $60.07 an ounce [51% of its recent high of $116.70 an an ounce on 1/28/26]
- Copper increased to 620.45 [93% of its recent high of 667 on 6/2/26]
On Deck Next Week:
- CPI will be released on Tuesday, July 14th and PPI will be released on Wednesday, July 15th
Bloomberg: Warsh to Get Some Inflation Relief From Upcoming PCE Makeover
On June 24, 2026, the U.S. Bureau of Economic Analysis provided a preview of the proposed tweaks:
Bea.gov: Preview of the 2026 Annual Update of the National Economic Accounts
- Major Banks Kick Off Q2 Earnings Season Next Week: 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
S&P 500 Put / Call Ratio
- CBOE SPX Put/Call Ratio (open interest) on 7/8/2026: 1.36
- CBOE SPX Put/Call Ratio (volume) on 7/8/2026: 1.12
In the News
- OilPrice: $130 Billion in AI Data Centers were Just Blocked. Where Does the AI Boom Go Now
- syracuse.com: Rare bacteria in water traced to AI data center construction project
- Successful Farming: China Resumes Soybean Purchases as Trade Thaw Continues
- ZeroHedge: Cocoa Prices Rally As Jefferies Warns Of “Perfect Storm” In West Africa
Upcoming Economic Releases & Fed Speakers
- 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 01:00pm EST: Fed’s Goolsbee in Fireside Chat
- 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 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
Upcoming Earnings Releases for Friday, July 10, 2026
Noteworthy Before-the-Open Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Delta Airlines |
DAL |
$1.47 per share |