Tuesday, July 28, 2026 edition · Market data through Jul 27

The bond market moves first.

Treasury yields do not wait for consensus. Explore the US Treasury yield curve, then place the move inside the inflation, labour and credit picture with advanced access.

Key US macroeconomic data

Labor

7 series

Unemployment rate

Monthly UNRATE

4.2%Jun 2026 · -10 bp

Nonfarm payrolls

Monthly PAYEMS

159.0MJun 2026 · +57k

Labor force participation

Monthly CIVPART

61.5%Jun 2026 · -30 bp

Average hourly earnings

Monthly CES0500000003

$37.64Jun 2026 · +$0.13

Manufacturing hours

Monthly AWHMAN

41.6Jun 2026 · 0 hrs

Job openings

Monthly JTSJOL

7.6MMay 2026 · +9k

Initial jobless claims

Weekly ICSA

187kJul 18 · -22k

Consumer

5 series

Personal income

Monthly PI

$26.9TMay 2026 · +$181.6B

Disposable income

Monthly DSPI

$23.7TMay 2026 · +$164.8B

Consumer spending

Monthly PCE

$22.1TMay 2026 · +$156.1B

Real consumer spending

Monthly PCEC96

$16.8TMay 2026 · +$43.8B

Saving rate

Monthly PSAVERT

3%May 2026 · 0 bp

Inflation

4 series

CPI (headline)

Monthly CPIAUCSL

332.57Jun 2026 · -1.41

CPI (core)

Monthly CPILFESL

336.07Jun 2026 · -0.06

PCE price index

Monthly PCEPI

131.53May 2026 · +0.59

Core PCE

Monthly PCEPILFE

130.08May 2026 · +0.41

Housing

4 series

Single-family permits

Monthly PERMIT1

0.87MJun 2026 · -21k

Single-family starts

Monthly HOUST1F

0.90MJun 2026 · -2k

New home sales

Monthly HSN1F

0.63MJun 2026 · +10k

Home prices

Monthly CSUSHPINSA

332.68Apr 2026 · +2.55

Business

3 series

Core capex orders

Monthly NEWORDER

$5.1TJun 2026 · +$34B

Durables ex-transport

Monthly ADXTNO

$18.6TJun 2026 · +$174B

Inventory-sales ratio

Monthly ISRATIO

1.28May 2026 · -0.02

Production

4 series

Industrial production

Monthly INDPRO

102.64Jun 2026 · +0.08

Manufacturing output

Monthly IPMAN

98.7Jun 2026 · +0

Capacity utilization

Monthly TCU

76.1%Jun 2026 · -1 bp

Factory utilization

Monthly CUMFNS

75.7%Jun 2026 · -8 bp

Energy

4 series

Regular gasoline

Monthly GASREGM

$4.05Jun 2026 · -$0.43

Henry Hub gas

Monthly MHHNGSP

$3.15Jun 2026 · +$0.21

WTI crude oil

Monthly MCOILWTICO

$84.81Jun 2026 · -$17.32

Electricity price

Monthly APU000072610

$0.198Jun 2026 · +$0

Rates & Credit

6 series

3-month Treasury yield

Daily DGS3MO

3.96%Jul 27 · 0 bp

2-year Treasury yield

Daily DGS2

4.31%Jul 27 · -2 bp

5-year Treasury yield

Daily DGS5

4.40%Jul 27 · -3 bp

10-year Treasury yield

Daily DGS10

4.65%Jul 27 · -4 bp

30-year Treasury yield

Daily DGS30

5.12%Jul 27 · -4 bp

10y-3m yield curve

Daily T10Y3M

69 bpJul 27 · -4 bp

Policy & Funding

3 series

10Y term premium

Monthly ACMTP10Y

0.51%Jun 2026 · -15 bp

Treasury cash balance

Monthly TGACLOSE

$750.3BJul 2026 · -$168.9B

Coupon bid-cover

Monthly AUCTBTC

2.57Jul 2026 · +0

Credit Stress

3 series

Investment-grade OAS

Daily BAMLC0A0CM

0.80%Jul 24 · +1 bp

High-yield OAS

Daily BAMLH0A0HYM2

2.79%Jul 24 · +2 bp

Financial stress index

Weekly STLFSI4

-0.70Jul 17 · +0.18