The 10-Year Is Today’s Coupon. CPI Is Still Friday.
Wednesday keeps Tuesday’s reopen frame and adds the 10-year reopening. ECEC and QSS at 10:00. The 17-week closes at 11:30. The coupon closes at 1:00. Do not spend Friday’s CPI on a Wednesday stop.
Wednesday, September 9, 2026
Tuesday reopened cash into supply and scored the holiday book as unfinished. Wednesday keeps that frame and adds the 10-year reopening. ECEC and QSS print at 10:00. The 17-week closes competitive at 11:30. The coupon closes at 1:00. Do not spend Friday’s CPI on a Wednesday stop.
Morning Pulse is the day clock, not a forecast. Tuesday already wrote the reopen: Thursday’s 29,201.26 and Friday’s PDC / CDO traveled as location. The holiday tape did not accept them. From the highs or the lows, the median was liquidity. That is still the desk frame. Missed levels stay missed.
Confirmed clocks
All times Eastern. Cash open is 3:30 a.m. Hawaii. Offering amounts are the announced sizes.
| Time (ET) | What is confirmed | What the desk uses it for |
|---|---|---|
| Wed Sep 9, 10:00 a.m. | BLS Employer Costs for Employee Compensation (ECEC). | Labor-cost print. Not CPI. Not a rate call. |
| Wed Sep 9, 10:00 a.m. | Census Quarterly Services Survey (QSS). | Secondary. Not advance monthly retail sales. |
| Wed Sep 9, 11:00 a.m. / 11:30 a.m. | 17-week bill, announced $72 billion. Noncompetitive, then competitive. | Front-end supply. Do not average into the 1:00 coupon. |
| Wed Sep 9, 12:00 p.m. / 1:00 p.m. | 9-year 11-month note (10-year reopening), announced $39 billion. Noncompetitive, then competitive. | The coupon clock. Duration and curve. Not Friday’s inflation vote. |
| Fri Sep 11, 8:30 a.m. | CPI and Real Earnings. | Tomorrow’s map. Do not spend it today. |
| Wed Sep 16, 8:30 a.m. | Advance monthly retail sales. | Not today’s QSS. |
Announced offering amounts are the size Treasury put on the card. They are not a forecast of the stop or of what equities “should” do.
What
Related Articles
Cash Reopens Into Supply. The Holiday Tape Is Not Accept.
Cash returns Tuesday into the 3-year and a stacked bill slate. Thursday’s 29,201.26 accept and Friday’s PDC / CDO are locations — the holiday book did not accept them. Missed levels stay missed.
Hot Payrolls. Overnight Bid Sold Into PDC / CDO.
August added 162k jobs versus ~56k expected. Unemployment held 4.1%. The overnight NQ bid sold into the PDC / CDO open zone on the print — engineered liquidity, not a mystery. Cash still has to accept the repair.
Nasdaq Last Through 29,201 Overnight. Gold Left the Box.
Wednesday closed green, but Nasdaq only wicked 29,201.26 — cash never printed it. Overnight, NQ traded through that line and gold broke back above Wednesday’s range. Here is the futures board and yields before New York opens.