Fixed Income Morning Economic Report, 7-17-26

Good morning and happy friday,

Fixed income markets are firmer across the board, finding some haven flows as equities print deep selloffs as the fears of an overheated tech market continue and the additional turmoil in Iran after bombing continues for a 6th consecutive day and that we are taking aim at civilian infrastructure.

USTs are currently at 109-15 up 11 ticks with a 109-05+ to 109-16 range while SFRZ6 is up 1.5 bp at 96.04 having had a 96.025 to 96.055 range and now implying a 28% chance of 2 hikes before year end.

On the docket today(CT); 7:30 am Import price index June 7:30 am Import price index minus fuel June 7:30 am Housing starts June 7:30 am Building permits June 8:15 am Industrial production June 8:15 am Capacity utilization June 9:00 am Consumer sentiment (prelim) July