Bond Market Update

Data Recon

• The October FHFA Housing Price Index increased 0.4% month-over-month following a 0.7% increase in September. It was up 4.5% year-over-year, as it was in September.
• The October S&P Case-Shiller Home Price Index Composite - 20 increased 0.3% month-over-month following a 0.2% increase in September. It was up 4.2% year-over-year (Briefing.com consensus 4.2%) following a 4.6% increase in September.
• Yield check:
  • 2-yr: -2 bps to 4.23%
  • 3-yr: -2 bps to 4.26%
  • 5-yr: -1 bp to 4.36%
  • 10-yr: -2 bps to 4.53%
  • 30-yr: -1 bp to 4.75%