US Treasuries
- Treasury yields climbed on escalations in the Middle East that sent oil prices higher
- 10s closed on Wednesday at 4.48 [Wednesday’s range in 10s: 4.45/4.50]
- 2s closed on Wednesday at 4.08 [Wednesday’s range in 2s: 4.05/4.09]
- 2y – 5y: + 13 bps
- 2y – 10y: + 40 bps
Intraday Commentary From Jim Bianco
Total US inventories (including the SPR) was down 16 million barrels last week.
Yesterday, VOO, the Vanguard S&P 500 ETF, surpassed $1 trillion dollars in assets. The first ETF to hit this milestone.
IVV and SPY are in second and third place; they are all S&P 500 tracker ETFs.
Join Us Tomorrow, Thursday, June 4, 2026, for our Next Conference Call, Featuring Jim Bianco
- Fed’s Waller: Push to Shake Up Fed Stirks Fear Over Regional Autonomy
- Fed’s Williams: Says No Obvious Direction Ahead for Rates
- Bloomberg: Alphabet Upsizes Equity Offering to $85 billion for AI Spending
- Bloomberg: Bitcoin’s Break With Tech Widens After Strategy’s Sale Feeds Rout
- More Jobs Data Ahead: Thursday (6/4): Initial Jobless Claims and Friday (6/5): Change in Nonfarm Payrolls
Commodities
- Gold declined to $4,450 an ounce [82% of its recent high of $5,417 an ounce on 1/28/26]
- Silver declined to $73.35 an ounce [63% of its recent high of $116.70 an an ounce on 1/28/26]
Upcoming US Treasury Supply
In the News
Upcoming Economic Releases & Fed Speak
- 6/04/2026 at 05:30am EST: Challenger Job Cuts Total / YoY
- 6/04/2026 at 08:30am EST: Fed’s Barkin in Fireside Chat
- 6/04/2026 at 08:30am EST: Initial Jobless Claims / Continuing Claims
- 6/04/2026 at 10:00am EST: Fed’s Bowman Testifies Before House Financial Services Committee
- 6/04/2026 at 01:00pm EST: Fed’s Schmid Speaks in Fireside Chat
- 6/04/2026 at 01:10pm EST: Fed’s Daly at Bloomberg Technology Summit
- 6/05/2026 at 08:30am EST: Change in Nonfarm Payrolls / Two-Month Payroll Net Revision / Unemployment Rate
- 6/06/2026 at 12:00pm EST: Fed’s Barr Speaks on Supervision & Regulation
- 6/09/2026 at 06:00am EST: NFIB Small Business Optimism
- 6/09/2026 at 08:15am EST: ADP Weekly Employment Change
- 6/09/2026 at 10:00am EST: Existing Home Sales
- 6/10/2026 at 08:30am EST: CPI
Upcoming Earnings Releases for Thursday, June 4, 2026
Noteworthy Before-the-Open Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Brown-Forman |
BF.B |
$0.32 per share |
|
Caleres |
CAL |
0.34 |
|
Ciena |
CIEN |
1.46 |
|
Columbus McKinnon |
CMCO |
0.46 |
|
Toro |
TTC |
1.51 |
Noteworthy After-the-Close Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Argan |
AGX |
$2.31 per share |
|
Cooper |
COO |
1.10 |
|
DocuSign |
DOCU |
0.99 |
|
Guidewire Software |
GWRE |
0.74 |
|
lululemon athletica |
LULU |
1.68 |
|
PayPay |
PAYP |
0.14 |
|
Planet Labs |
PL |
-0.04 |
|
Rubrik |
RBRK |
-0.03 |
|
Samsara |
IOT |
0.13 |
|
ServiceTitan |
TTAN |
0.28 |
|
Wealthfront |
WLTH |
0.12 |
|
Zumiez |
ZUMZ |
-0.81 |