Federal Debt Drops $128 Billion From Record as Treasury Spends Down Cash
Federal debt fell to $40.048 trillion on September 10, down $127.9 billion from the August 31 record, as Treasury drew its cash balance at the Fed down by $205.4 billion.
Treasury Yield Curve Flattens to 33 Basis Points as the Fed Meets Tuesday
The 2-year to 10-year Treasury spread narrowed to 33 basis points on September 11, its tightest since July 1, as the front end repriced before the September 15 and 16 FOMC meeting.
Core CPI Falls to 2.4%, Lowest Since March 2021, as Hike Odds Top 65%
Core inflation cooled to 2.4 percent in August, the lowest since March 2021, but a 0.3 percent monthly gain pushed September Fed hike odds above 65 percent.
Treasury’s 30-Year Bond Stops at 5.308%, Indirect Bidders Take Record 79%
Treasury sold $22 billion of 30-year bonds at 5.308 percent on September 10, the highest stop since 2001, and indirect bidders took a record 79.3 percent.
Treasury 10-Year Note Stops at 4.834%, Highest Auction Yield Since 2007
Treasury sold $39 billion of 10-year notes at a 4.834 percent high yield on September 9, 2026, the highest 10-year auction stop since August 2007, on a 2.71 bid-to-cover ratio.
Consumer Credit Grew 4.2% in July as Card Balances Hit Record $1.36 Trillion
The Federal Reserve's G.19 release shows consumer credit rose $18.1 billion in July 2026, pushing revolving card balances to a record $1.3572 trillion a week before the September 16 FOMC decision.
Treasury Cash at the Fed Tops $967 Billion as Bank Reserves Hit 39-Week Low
Treasury held $967.9 billion at the Fed in the week ended September 2, a four month high, pulling bank reserves to $2.895 trillion, their lowest in 39 weeks.
Prime Rate Hits 270 Days at 6.75% as Traders Price a September Fed Hike
The U.S. prime rate has held at 6.75% for 270 days. After August payrolls rose 162,000, futures price roughly even odds of a hike on September 16.
Treasury Offers $119 Billion in Notes and Bonds Inside the Fed Blackout
Treasury sells $119 billion of notes and bonds on September 8, 9 and 10 while the Fed observes its pre-meeting blackout. The three-year yields 4.45%.
August Payrolls Jump 162,000 as July Flips to a Gain, Reviving Fed Hike Case
U.S. employers added 162,000 jobs in August and the BLS revised June and July up by a combined 55,000, erasing the reported July decline days before the September 15-16 FOMC meeting.