US Treasuries
- Treasuries rallied on oil price declines as negotiations between the US and Iran continue
- 10s closed on Tuesday at 4.49 [Tuesday’s range in 10s: 4.47/4.52]
- 2s closed on Tuesday at 4.04 [Tuesday’s range in 2s: 4.04/4.075]
- 2y – 5y: + 13 bps
- 2y – 10y: + 45 bps
- Bloomberg: Bessent Has Limited Options to Halt Climb in Treasury Yields
- Bloomberg: Dudley Says Fed Credibility at Risk on Years of Missing 2% Goal
On Deck tomorrow, Wednesday, 5/27:
- Economic Releases: MBA Mortgage Applications; ADP Weekly Employment Change; Richmond Fed Manufact. Index / Business Conditions; Dallas Fed Services Activity
On Deck this week:
- Auctions: Wed, 5/27: $70 Billion UST 5y Auction and Thursday, 5/28: $44 Billion UST 7y Auction
Commodities
- Gold decreased to $4,509 an ounce [84% of its recent high of $5,417 an ounce on 1/28/26]
- Silver increased to $76.02 an ounce [65% of its recent high of $116.70 an an ounce on 1/28/26]
Upcoming US Treasury Supply
In the News
Independent: Beef prices are rising so fast some famed Texas BBQ joints are closing: ‘Everybody’s at risk these days’
Upcoming Economic Releases & Fed Speak
- 5/27/2026 at 04:00am EST: Fed’s Logan Speaks in Panel Discussion
- 5/27/2026 at 07:00am EST: MBA Mortgage Applications
- 5/27/2026 at 10:00am EST: Richmond Fed Manufact. Index / Business Conditions
- 5/27/2026 at 10:30am EST: Dallas Fed Services Activity
- 5/27/2026 at 03:55pm EST: Fed’s Cook Speaks on AI, the Economy and Financial System
- 5/27/2026 at 07:00pm EST: Fed’s Jefferson Speaks on Panel
- 5/27/2026 at 09:25pm EST: Fed’s Goolsbee Participates in Panel
- 5/28/2026 at 08:30am EST: Personal Income / Personal Spending / Real Personal Spending
- 5/28/2026 at 08:30am EST: PCE Price Index MoM and YoY / Core PCE Price Index MoM and YoY
- 5/28/2026 at 08:30am EST: Durable Goods Orders / Durables Ex Transportation
- 5/28/2026 at 08:30am EST: Initial Jobless Claims / Continuing Claims
- 5/28/2026 at 08:30am EST: Cap Goods Orders Nondef Ex Air / Cap Goods Ship Nondef Ex Air
- 5/28/2026 at 08:30am EST: GDP Annualized QoQ / GDP Price Index
- 5/28/2026 at 08:30am EST: Personal Consumption / Core PCE Price Index QoQ
- 5/28/2026 at 08:55am EST: Fed’s Williams Speaks at Reykjavik Economic Conference
- 5/28/2026 at 10:00am EST: New Homes Sales / MoM
- 5/28/2026 at 10:15am EST: Fed’s Musalem Speaks at Reykjavik
- 5/28/2026 at 03:00pm EST: Fed’s Barkin Speaks in Moderated Discussion
- 5/28/2026: Building Permits / MoM
- 5/29/2026: Fed’s Mary Daly Speaks at Reagan National Economic Forum
- 5/29/2026 at 06:50am EST: Fed’s Schmid Speaks in Reykjavik
- 5/29/2026 at 08:30am EST: Advance Goods Trade Balance / Imports MoM SA; Exports MoM SA
- 5/29/2026 at 08:30am EST: Retail Inventories MoM / Wholesale Inventories MoM
- 5/29/2026 at 09:10am EST: Fed’s Supervision Vice Chair Bowman Speaks in Reykjavik
- 5/29/2026 at 09:10am EST: Fed’s Paulson Speaks on Economic Outlook
- 5/29/2026 at 09:45am EST: MNI Chicago PMI / S&P Global US Manufacturing PMI
- 5/29/2026 at 12:40pm EST: Fed’s Daly Speaks at Reagan National Economic Forum
- 5/31/2026 at 08:30am EST: Fed’s Waller Speaks on Stablecoins
- 6/01/2026 at 10:00am EST: ISM Manufacturing / Prices Paid / New Orders / Employment
- 6/01/2026 at 10:00am EST: Construction Spending MoM
- 6/02/2026 at 08:30am EST: Fed’s Hammack Speaks on Monetary Policy
- 6/02/2026 at 10:00am EST: JOLTS Job Openings & Rate / JOLTS Quits Level & Rate / JOLTS Layoffs Level & Rate
- 6/02/2026 at 10:00am EST: Wards Total Vehicle Sales
Upcoming Earnings Releases for Wednesday, May 27, 2026
Noteworthy Before-the-Open Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Abercrombie & Fitch |
ANF |
$1.28 per share |
|
Bank of Montreal |
BMO |
2.52 |
|
Bank of Nova Scotia |
BNS |
1.41 |
|
Bath & Body Works |
BBWI |
0.29 |
|
Capri Holdings |
CPRI |
0.12 |
|
Dick’s Sporting Goods |
DKS |
2.87 |
|
Dycom |
DY |
2.73 |
|
Monro Muffler |
MNRO |
-0.05 |
Noteworthy After-the-Close Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Agilent |
A |
$1.41 per share |
|
Braze |
BRZE |
0.10 |
|
Everpure |
P |
0.39 |
|
HEICO |
HEI |
1.33 |
|
HP Inc. |
HPQ |
0.71 |
|
Marvell Technology |
MRVL |
0.79 |
|
nCino |
NCNO |
0.27 |
|
Nutanix |
NTNX |
0.36 |
|
Phreesia |
PHR |
0.01 |
|
Salesforce |
CRM |
3.13 |
|
Snowflake |
SNOW |
0.32 |
|
Synopsys |
SNPS |
3.15 |