US Treasuries
- Treasuries yields climbed higher to start the week
- 10s closed on Monday at 4.51 [Monday‘s range in 10s: 4.475/4.51]
- 2s closed on Monday at 4.23 [Monday’s range in 2s: 4.20/4.23]
- 2y – 5y: + 5 bps
- 2y – 10y: + 27 bps
Intraday Commentary From Jim Bianco
Crude oil opened up 3% last night. Now down 2%
*US AUTHORIZES SALES OF SOME IRAN CRUDE OIL VIA WAIVER
Intraday News Moving Markets
- Bloomberg: SpaceX Kicks Off Debut US Dollar Investment-Grade Bond Offering
- Bloomberg: Robinhood Seeks to Raise $2 Billion in Convertible Bond Sale
- On Deck Tomorrow: Tuesday, (06/23/2026): $69 Billion UST 2y Note Auction
- On Deck This Week: Wednesday, (06/24/26): Fed releases annual bank stress test results
- On Deck This Week: Thursday (06/25/26): PCE and GDP
Join Us For Our Next Conference Call on Wednesday, June 24, 2026, Featuring Jim Bianco
Upcoming US Treasury Supply
Commodities
- Gold increased to $4,191.45 an ounce [77% of its recent high of $5,417 an ounce on 1/28/26]
- Silver increased to $65.43 an ounce [56% of its recent high of $116.70 an an ounce on 1/28/26]
- Copper increased to 636.35 [95% of its recent high of 667 on 6/2/26]
In the News
CNBC: Chevron to fuel massive Microsoft data center in Texas with natural gas
OilPrice: U.S. Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash
ZeroHedge: Ship Traffic Through Hormuz Chokepoint Continues As Normalization Efforts Remain “Fragile”
Patrick De Haan (@GasBuddyGuy) on X:
Upcoming Economic Releases & Fed Speak
- 6/24/2026 at 10:00am EST: New Home Sales
- 6/25/2026 at 08:30am EST: Personal & Real Personal Spending / Chicago Fed Nat Activity Index
- 6/25/2026 at 08:30am EST: PCE Price Index & Core PCE Price Index MoM & YoY
- 6/25/2026 at 08:30am EST: GDP Annualized QoQ
- 6/25/2026 at 08:30am EST: Durable Goods Orders / Initial Jobless Claims & Continuous Claims
- 6/25/2026 at 03:40pm EST: Fed’s Williams Gives Keynote Remarks
- 6/25/2026 at 05:30pm EST: Fed’s Goolsbee in Moderated Discussion
- 6/26/2026 at 10:00am EST: U. of Mich. Sentiment / Current Conditions / Expectations
- 6/26/2026 at 11:30am EST: Fed’s Kashkari at Aspen Ideas Panel
- 6/28/2026 at 12:35pm EST: Fed’s Barkin at Aspen Ideas Panel
Upcoming Earnings Releases for Tuesday, June 23, 2026
Noteworthy Before-the-Open Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Korn/Ferry |
KFY |
$1.38 per share |
Noteworthy Midday Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Carnival |
CCL |
$0.34 per share |
Noteworthy Before-the-Open Earnings Releases
|
Company |
Symbol |
Earnings estimate |
|
FedEx |
FDX |
$6.41 per share |
|
KB Home |
KBH |
$0.45 |
|
Worthington Enterprises |
WOR |
1.06 |