US Treasuries
Treasuries were mixed with the yield on the 10y Note little changed at 4.37%
- 10s closed on Monday at 4.37 [Monday’s range in 10s: 4.365/4.39]
- 2s closed on Monday at 4.11 [Monday’s range in 2s: 4.09/4.12]
- 2y – 5y: + 3 bps
- 2y – 10y: + 26 bps
Commodities
- Gold decreased to $4,020.20 an ounce [74% of its recent high of $5,417 an ounce on 1/28/26]
- Silver decreased to $58.27 an ounce [50% of its recent high of $116.70 an an ounce on 1/28/26]
- Copper decreased to 611.00 [92% of its recent high of 667 on 6/2/26]
Economic Releases On Deck This Week:
- Tuesday, (06/30/26): JOLTS and Thursday, (07/02/26): Nonfarm Payrolls
Upcoming US Treasury Supply
Intraday Commentary From Jim Bianco
Maybe the problem is that we compare this to investing. How leveraged ETFs compare to prediction markets and sports betting might be a better comparison.
*YEN SLIDES TO WEAKEST LEVEL VERSUS DOLLAR SINCE 1986
We had a comment in “What We’re Reading” today. Despite strong performance, the yen has seen a significant increase in net short positioning by investors.
It’s not just large speculators either. Both asset managers and large speculators have driven their yen positioning and, consequently, the 5-year z-score, down to August 2024 levels.
In other words, professional trades are fighting the Yen rally … and losing.
In the News
OilPrice: Middle East Oil Production Rebounds to 15 Million Bpd
Bloomberg: Strategy Says It May Sell Up to $1.25 Billion of Bitcoin
Realtor.com: America Could Have Too Many Homes by 2035 – Just Not Where Buyers Need Them
Upcoming Economic Releases & Fed Speakers
- 6/30/2026 at 10:00am EST: JOLTS
- 7/01/2026 at 09:30am EST: ECB’s Lagarde, Fed’s Warsh, BOE’s Bailey, BOC’s Macklem
- 7/01/2026 at 09:30am EST: Fed’s Warsh Appears on Panel at ECB Forum
- 7/01/2026 at 10:00am EST: ISM Manufacturing / Prices Paid / New Orders / Employment
- 7/02/2026 at 07:45am EST: Fed’s Daly Speaks in Moderated Discussion
- 7/02/2026 at 08:30am EST: Change in Nonfarm Payrolls and Initial & Continuing Jobless Claims
- 7/06/2026 at 09:45am EST: S&P Global US Services / Composite PMI
- 7/06/2026 at 09:45am EST: ISM Services Index / Prices Paid / New Orders / Employment
Upcoming Earnings Releases for Tuesday, June 30, 2026
There are no noteworthy Before-the-Open Earnings Release scheduled
Noteworthy After-the-Close Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Constellation Brands |
STZ |
$3.23 per share |
|
Nike |
NKE |
$0.13 |
|
Progress Software |
PRGS |
1.49 |