Bond Market Update

Data Recon

• Initial jobless claims for the week ending December 21 decreased by 1,000 to 219,000 (Briefing.com consensus 232,000) and continuing jobless claims for the week ending December 14 increased by 46,000 to 1.910 million -- the highest level since November 13, 2021.
  • The key takeaway from the report is that layoff activity is low; however, if one loses their job, it is becoming more challenging to find a new position.
• Yield check:
  • 2-yr: +2 bps to 4.36%
  • 3-yr: +2 bps to 4.39%
  • 5-yr: +4 bps to 4.48%
  • 10-yr: +4 bps to 4.63
  • 30-yr: +5 bps to 4.81%