Fixed Income Morning Economic Report, 7-21-26

Fixed Income markets trade range-bound, in line with energy prices, despite the risk-on tone seen across the equity space. Equities seem to enjoy the reporting around a possible 10-day ceasefire, with recent reporting hinting that the US is demanding a longer ceasefire. USTs +1 tick at 108-26+ having been in a 108-26+ to 109-00 range while SFRZ6 is unchanged at 95.96 having been in a 95.955 to 95.975 range totally lacking direction given the quiet docket this week, heading into the Fed policy announcement next week and the earning reports of several US tech companies, due out later this week.

On the docket today; None scheduled