Bond Market Update

Trading Range Narrows

• U.S. Treasuries of most tenors continue holding the bulk of today's gains while the long bond underperforms, sitting just above a session low that was established about two hours ago. The market has seen limited movement in recent trade, leaving the complex on track for a modestly higher finish to the week. The 10-yr yield is currently down one basis point for the week while the 2-yr yield is down ten basis points from last Friday's settlement.
• Yield Check:
  • 2-yr: -5 bps to 4.06%
  • 3-yr: -4 bps to 4.06%
  • 5-yr: -3 bps to 4.04%
  • 10-yr: -2 bps to 4.17%
  • 30-yr: +1 bp to 4.35%