US Treasuries
- Treasuries rallied as oil prices declined after a reported US-Iran deal to extend truce
- 10s closed on Thursday at 4.455 [Thursday’s range in 10s: 4.43/4.53]
- 2s closed on Thursday at 4.02 [Thursday’s range in 2s: 3.99/4.075]
- 2y – 5y: + 13 bps
- 2y – 10y: + 43 bps
Intraday Commentary From Jim Bianco
Barak Ravid on X: The US and Iran have reached an agreement on a memorandum of understanding for a 60-day ceasefire extension and the launch of negotiations on Iran’s nuclear program, but President Trump has not yet given it his final approval, two senior US officials and a regional source involved in the mediation told me. “The President conveyed a message to the mediators that he wants a few days to think about it before making a final decision,” a senior US official said.
Jim Bianco: One day trick chart of the 10-year yield. gap down on the tweet above
1-day tick chart of oil reacting to the Axios tweet.
IRAN–U.S. DEAL REPORTEDLY BLOCKED AT TOP LEVELS
Intraday Market News
- Fed’s Williams: Says Unclear How Productivity Boom Impacts Rates
- Fed’s Musalem: Says Officials Can’t Rely on AI Boom to Fix Inflation
On Deck tomorrow, Friday, 5/29:
- Economic Releases: Advance Goods Trade Balance / Imports & Exports; Retail Inventories & Wholesale Inventories; MNI Chicago PMI
Commodities
- Gold increased to $4,502 an ounce [83% of its recent high of $5,417 an ounce on 1/28/26]
- Silver increased to $75.67 an ounce [65% 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
- 5/29/2026: Fed’s Mary Daly Speaks at Reagan National Economic Forum
- 5/29/2026 at 02:00am EST: Fed’s Kashkari Speaks in Moderated Event in South Korea
- 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 01:50am EST: Fed’s Kashkari in Panel Discussion
- 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
- 6/03/2026 at 07:00am EST: MBA Mortgage Applications
- 6/03/2026 at 08:15am EST: ADP Employment Change
- 6/03/2026 at 09:45am EST: S&P Global US Services PMI / Composite PMI
- 6/03/2026 at 10:00am EST: Factory Orders / Ex Trans
- 6/03/2026 at 10:00am EST: ISM Services Index / Prices Paid / New Orders / Employment
- 6/03/2026 at 10:00am EST: Durable Goods Orders / Ex Transportation
- 6/03/2026 at 10:00am EST: Cap Goods Orders Nondef Ex Air / Ship Nondef Ex Air
- 6/03/2026 at 02:00pm EST: Fed Releases Beige Book
- 6/04/2026 at 07:30am EST: Challenger Job Cuts Total / YoY
- 6/04/2026 at 08:30am EST: Nonfarm Productivity / Unit Labor Costs
- 6/04/2026 at 08:30am EST: Initial Jobless Claims / 4-Wk Moving Avg / Continuing Claims
- 6/04/2026 at 01:10pm EST: Fed’s Daly at Bloomberg Technology Summit
Upcoming Earnings Release for Friday, May 29, 2026
Noteworthy Before-the-Open Earnings Release
|
Company |
Symbol |
Earnings estimate |
|
Buckle |
BKE |
$0.74 per share |