US Treasuries
- Treasuries yields climbed as oil prices hit intraday highs on news of the US resuming military operations to open the Straight of Hormuz
- 10s closed on Thursday at 4.39 [Thursday’s range in 10s: 4.31/4.40]
- 2s closed on Thursday’s at 3.915 [Thursday’s range in 2s: 3.82/3.92]
- 2y – 5y: + 12 bps
- 2y – 10y: + 47 bps
Intraday News Moving Markets
- Continuing Claims hit the lowest level since early 2024
- On Deck tomorrow: Friday, 5/8/26: Non-Farm Payrolls
- Fed Speak: Fed’s Collins Favored Changing FOMC Statement With Dissenters
- Fed Speak: Fed’s Hammack Says FOMC Signal on Rate Path Was Misleading
- Bloomberg: Fed Needs Policy Clarity to Preserve Independence, G-30 Report Says
Upcoming US Treasury Supply
Commodities
- Gold rose to $4,702 an ounce [87% of its recent high of $5,417 an ounce on 1/28/26]
- Silver rose to $78.92 an ounce [68% of its recent high of $116.70 an an ounce on 1/28/26]
Intraday Commentary From Jim Bianco
In the News
Farm Policy News: US Imports of Brazilian Beef Surged in First Quarter
Arbor Data Science: Harvesting Headwinds: Fertilizer, Fuel and Now Drought
Upcoming Economic Releases & Fed Speak
- 5/08/2026 at 05:45am EST: Fed’s Cook Speaks on Asset Tokenization
- 5/08/2026 at 08:30am EST: Change in Nonfarm Payrolls / Two-Month Payroll Net Revision
- 5/08/2026 at 08:30am EST: Change in Private Payrolls / Change in Manufact. Payrolls
- 5/08/2026 at 08:30am EST: Nonfarm Payrolls 3-Mo Avg Change
- 5/08/2026 at 08:30am EST: Average Hourly Earnings MoM and YoY / Average Weekly Hours All Employees
- 5/08/2026 at 08:30am EST: Unemployment Rate / Underemployment Rate / Labor Force Participation Rate
- 5/08/2026 at 10:00am EST: U. of Mich. Sentiment / Current Conditions / Expectations / 1 Yr Inflation
- 5/08/2026 at 10:00am EST: U. of Mich. 5 -10 Yr Inflation
- 5/08/2026 at 10:00am EST: Wholesale Inventories MoM / Wholesale Trade Sales MoM
- 5/08/2026 at 07:30pm EST: Fed’s Waller, Bowman, Daly and Goolsbee on Panel
- 5/11/2026 at 10:00am EST: Existing Homes Sales / MoM
- 5/12/2026 at 06:00am EST: NFIB Small Business Optimism
- 5/12/2026 at 08:15am EST: ADP Weekly Employment Change
- 5/12/2026 at 08:30am EST: CPI MoM and YoY / Core CPI MoM and YoY / CPI Index NSA and Core CPI Index SA
- 5/12/2026 at 08:30am EST: Real Avg Hourly Earnings YoY and Real Avg Weekly Earnings YoY
- 5/12/2026 at 11:00am EST: NY Fed Quarterly Report on Household Debt and Credit
- 5/12/2026 at 01:00pm EST: Fed’s Goolsbee Speaks at Greater Rockford Chamber of Commerce
- 5/12/2026 at 02:00pm EST: Federal Budget Balance
- 5/13/2026 at 07:00am EST: MBA Mortgage Applications
- 5/13/2026 at 07:00am EST: PPI Final Demand MoM and YoY
- 5/13/2026 at 07:00am EST: PPI Ex Food and Energy MoM and YoY
- 5/13/2026 at 07:00am EST: PPI Ex Food, Energy, Trade MoM and YoY
- 5/13/2026 at 11:30am EST: Fed’s Collins Speaks on US Economy
- 5/13/2026 at 01:15pm EST: Fed’s Kashkari in Moderated Discussion
- 5/14/2026 at 08:30am EST: Import Price Index MoM and YoY / Import Price Index ex Petroleum
- 5/14/2026 at 08:30am EST: Export Price Index MoM and YoY
- 5/14/2026 at 08:30am EST: Initial Jobless Claims / Initial Claims 4-Wk Moving Avg / Continuing Claims
- 5/14/2026 at 08:30am EST: Retail Sales Advance MoM / Retail Sales Ex Auto MoM
- 5/14/2026 at 08:30am EST: Retail Sales Ex Auto and Gas / Retail Sales Control Group
- 5/14/2026 at 10:00am EST: Business Inventories
- 5/14/2026 at 01:00pm EST: Fed’s Hammack Gives Opening Remarks
- 5/14/2026 at 05:30pm EST: Fed’s Barr Speaks at Money Marketeers
Upcoming Earnings Releases for Friday, May 8, 2026
Noteworthy Before-the-Open Earnings Releases
|
Company |
Symbol |
Earnings estimate |
|
Algonquin Power & Utilities |
AQN |
$0.11 per share |
|
Alpha Metallurgical Resources |
AMR |
0.67 |
|
AMC Networks |
AMCX |
0.21 |
|
ANI Pharmaceuticals |
ANIP |
1.30 |
|
Calumet |
CLMT |
-0.33 |
|
Construction Partners |
ROAD |
-0.03 |
|
Dauch |
DCH |
-0.14 |
|
Enbridge |
ENB |
0.69 |
|
Essent Group |
ESNT |
1.69 |
|
Fidelity National Information Services |
FIS |
1.29 |
|
Fluor |
FLR |
0.62 |
|
Fortis |
FTS |
0.73 |
|
Interface |
TILE |
0.33 |
|
Koppers Holdings |
KOP |
0.44 |
|
Oshkosh |
OSK |
1.04 |
|
Plains All American |
PAA |
0.38 |
|
PPL |
PPL |
0.62 |
|
Starwood Property Trust |
STWD |
0.42 |
|
Sylvamo |
SLVM |
-0.27 |
|
Wendy’s |
WEN |
0.10 |