Bond Market Update

Wait-and-see

• Treasuries are operating in a steady state with little change now for the past two hours or so. Market participants have seemingly shifted into a wait-and-see mode with November retail sales (8:30 a.m. ET) on tap tomorrow along with the $13 billion 20-yr note reopening (1:00 p.m. ET) 
• The settlement in the metals futures market showed little change today too.
  • GC00-USA gold settled today's session $5.60 lower (-0.2%) at $2,671.10/oz
  • SI00-USA silver settled today's session $0.03 higher (+0.1%) at $31.10/oz
  • HG00 copper settled today's session $0.01 lower (-0.2%) at $4.19/lb
• Yield check:
  • 2-yr: unch at 4.24%
  • 3-yr: unch at 4.22%
  • 5-yr: unch at 4.25%
  • 10-yr: unch at 4.40%
  • 30-yr: -1 bp to 4.61%