US Treasuries
- Treasury yields were slightly higher on the day with the long bond closing at 5.135%. Inflation concerns and uncertainty around the Iran conflict continue to spook all markets.
- 10s closed on Monday at 4.60 [Monday’s range in 10s: 4.56/4.63]
- 2s closed on Monday at 4.07 [Monday’s range in 2s: 4.035/4.10]
- 2y – 5y: + 19 bps
- 2y – 10y: + 53 bps
Jim Bianco: One day tick chart of July 2026 Brent Crude Oil Futures. Going straight down.
Jim Bianco: Timeline the last 24 hours:
Sunday night: “Time is of the Essence” for Iranian deal …S&P futures down
Two hours before open: Close to a deal … S&P futures rally
Morning: Not close to a deal, S&P down
Afternoon: Holding off on tomorrow’s attack to get a deal, S&P recovers.
Intraday News Moving Markets
- Bloomberg: Trump to Swear In Warsh as Fed Chair on Friday, White House Says
- On Deck this week: $16 billion UST 20y Bond Auction (Wed, 5/20) and $19 billion UST 10y TIPS (Reopening) (Thurs, 5/21)
- On Deck this week: FOMC Meeting Minutes will be released on Wednesday, 5/20 at 2:00pm ET
Commodities
- Gold decreased to $4,539 an ounce [84% of its recent high of $5,417 an ounce on 1/28/26]
- Silver decreased to $76.52 an ounce [66% 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
- 5/19/2026 at 08:00am EST: Fed’s Waller in Moderated Discussion
- 5/19/2026 at 08:15am EST: ADP Weekly Employment Change
- 5/19/2026 at 10:00am EST: Pending Home Sales MoM / YoY
- 5/19/2026 at 07:00pm EST: Fed’s Paulson Gives Keynote Address and Speaks on Economic Outlook
- 5/20/2026 at 06:00am EST: Bloomberg May United States Economic Survey
- 5/20/2026 at 06:00am EST: MBA Mortgage Applications
- 5/20/2026 at 09:15am EST: Fed’s Barr Speaks on Consumer Financial Health
- 5/20/2026 at 02:00pm EST: FOMC Meeting Minutes
- 5/21/2026 at 08:30am EST: Initial Jobless Claims / Continuing Claims
- 5/21/2026 at 08:30am EST: Philadelphia Fed Business Outlook
- 5/21/2026 at 08:30am EST: Housing Starts / Building Permits
- 5/21/2026 at 09:45am EST: S&P Global US Manufacturing / S&P Services PMI / S&P Composite PMI
- 5/21/2026 at 11:00am EST: Kansas City Fed Manf. Activity
- 5/21/2026 at 06:00am EST: Bloomberg May United States Economic Survey
- 5/21/2026 at 12:20pm EST: Fed’s Barkin Speaks on the Economy
- 5/22/2026 at 10:00am EST: Fed’s Waller Speaks on Economic Outlook
- 5/22/2026 at 10:00am EST: U. of Mich. Sentiment / Current Conditions / Expectations / 1Yr & 5-10 Yr Inflation
- 5/22/2026 at 11:00am EST: Kansas City Fed Services Activity
Upcoming Earnings Releases for Tuesday, May 19, 2026
Noteworthy Before-the-Open Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Amer Sports |
AS |
$0.31 per share |
|
Bilibili |
BILI |
1.16 |
|
Eagle Materials |
EXP |
1.59 |
|
Home Depot |
HD |
3.41 |
|
KE Holdings |
BEKE |
0.95 |
|
Company |
Symbol |
Earnings estimate |
|
CAVA Group |
CAVA |
$0.17 per share |
|
James Hardie |
JHX |
0.30 |
|
Keysight |
KEYS |
2.32 |
|
Toll Brothers |
TOL |
2.57 |
|
ZTO Express |
ZTO |
3.07 |