US Treasuries
- Treasuries rallied driven by falling oil prices and a strong UST 20y bond auction
- 10s closed on Tuesday at 4.425 [Tuesday‘s range in 10s: 4.42/4.48]
- 2s closed on Tuesday at 4.04 [Tuesday’s range in 2s: 4.03/4.07]
- 2y – 5y: + 10 bps
- 2y – 10y: + 38 bps
Intraday News Moving Markets
- Bloomberg: *BRENT OIL FALLS BELOW $80 FOR FIRST TIME SINCE MARCH 3
- Oil down > 5%… As one would expect, TIPS are having a tough day
- On Deck Thursday (6/18/26): $24 billion UST 5y TIPS (Reopening) Auction
- On Deck Tomorrow: Wednesday (6/17/26):
- 08:30am EST: Retail Sales
- 01:00pm EST: First FOMC Interest-Rate Decision under New Fed Chairman Kevin Warsh
Upcoming US Treasury Supply
Commodities
- Gold increased to $4,337 an ounce [80% of its recent high of $5,417 an ounce on 1/28/26]
- Silver increased to $70.39 an ounce [60% of its recent high of $116.70 an an ounce on 1/28/26]
- Copper was relatively unchanged at 649 [97% of its recent high of 667 on 6/2/26]
Jim Bianco in the Media
Stern Warning: Why The Stock Party Will Be Over Soon! Jim Bianco
In the News
Nick Gerli on X:
Patrick De Hann @GasBuddyGuy on X:
Upcoming Economic Releases & Fed Speak
- 6/17/2026 at 08:30am EST: Retail Sales
- 6/17/2026 at 08:30am EST: Pending Home Sales
- 6/17/2026 at 01:00pm EST: FOMC Rate Decision
- 6/18/2026 at 08:30am EST: Initial Jobless Claims / Continuing Claims
- 6/18/2026 at 04:00pm EST: Total Net TIC Flows
- 6/23/2026 at 08:15am EST: ADP Weekly Employment Change
- 6/23/2026 at 09:45am EST: S&P Global US Manufacturing PMI
- 6/23/2026 at 10:00am EST: Richmond Fed Manufact. Index and Business Conditions
Upcoming Earnings Releases for Wednesday, June 17, 2026
Noteworthy Before-the-Open Earnings Releases
|
Company |
Symbol |
Earnings estimate |
|
CarMax |
KMX |
$0.96 per share |
|
Jabil |
JBL |
$3.10 |
Noteworthy After-the-Close Earnings Releases
|
Company |
Symbol |
Earnings estimate |
|
Smith & Wesson Brands |
SWBI |
$0.23 per share |