Bond Market Update

Sitting Near Highs

• U.S. Treasuries continue trading just below their highs that were reached after it was reported that the White House is concerned with the potential for an Iranian attack on Israel. Israel's defense forces said about 30 minutes ago that missile launches against Israel have begun. Crude oil has been on the rise throughout the morning and is currently up $3.06, or 4.5%, at $71.22/bbl, while equities trade a bit above their lows with the S&P 500 down 1.0%.
• Yield Check:
  • 2-yr: -6 bps to 3.59%
  • 3-yr: -7 bps to 3.50%
  • 5-yr: -9 bps to 3.49%
  • 10-yr: -9 bps to 3.72%
  • 30-yr: -8 bps to 4.06%