US Treasuries
- Treasury yields climbed across the curve, led by the short end, after the Fed left rates unchanged and the Fed dot plot shifted more Hawkish
FED: NINE OF 18 FOMC PARTICIPANTS PENCIL IN 2026 RATE HIKE
- 10s closed on Wednesday at 4.465 [Wednesday‘s range in 10s: 4.42/4.47]
- 2s closed on Wednesday at 4.18 [Wednesday’s range in 2s: 4.04/4.18]
- 2y – 5y: + 6 bps
- 2y – 10y: + 28 bps
Intraday News Moving Markets
- Bloomberg: Warsh’s Fed Holds Rates With Officials Split Over Hikes This Year
- On Deck Thursday (6/18/26): $24 billion UST 5y TIPS (Reopening) Auction
Upcoming US Treasury Supply
Commodities
- Gold declined to $4,271 an ounce [79% of its recent high of $5,417 an ounce on 1/28/26]
- Silver declined to $68.79 an ounce [59% of its recent high of $116.70 an an ounce on 1/28/26]
- Copper declined to 643 [96% of its recent high of 667 on 6/2/26]
Intraday Commentary From Bianco Research
Only 18 dots this meeting vs 19 last SEP meeting. Looks like Warsh didn’t offer a projection.
In the News
SupplyChainBrain: Fertilizer Ships Face Long Backlog Even If Hormuz Reopens
DellOro: AI Infrastructure Expansion and Rising Memory Prices Drive Data Center IT Component Market Growth
National Association of Realtors: Housing’s Turning Point? Buyers Show Another Sign of Reemerging
Javier Blas on X:
Upcoming Economic Releases & Fed Speak
- 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
- 6/24/2026 at 10:00am EST: New Home Sales
Upcoming Earnings Releases for Thursday, June 18, 2026
Noteworthy Before-the-Open Earnings Releases
|
Company |
Symbol |
Earnings estimate |
|
Accenture |
ACN |
$3.72 per share |
|
Almonty Industries |
ALM |
0.08 |
|
Kroger |
KR |
1.58 |
|
SOLV Energy |
MWH |
0.22 |