Bond Market Update

Data Recon

• October business inventories increased 0.1% month-over-month (Briefing.com consensus 0.2%) following a downwardly revised 0.0% (from 0.1%) for September.
• The December NAHB Housing Market Index checked in at 46 (Briefing.com consensus 47) following an unrevised 46 for November.
• Treasury yields little changed following this last data batch of the morning.
• Yield check:
  • 2-yr: unch at 4.24%
  • 3-yr: unch at 4.22%
  • 5-yr: unch at 4.25%
  • 10-yr: -1 bp to 4.39%
  • 30-yr: -2 bps to 4.61%