Bond Market Update

Data Recon

• The final Index of Consumer Sentiment for June checked in at 68.2 (Briefing.com consensus 65.6) versus the preliminary reading of 65.6. The final reading for May was 69.1. In the same period a year ago, the index stood at 64.2.
  • The key takeaway from the report is that consumers were generally feeling better about short- and long-run business conditions due to expectations of softening interest rates.
• Yield Check:
  • 2-yr: -4 bps to 4.68%
  • 3-yr: -4 bps to 4.46%
  • 5-yr: -2 bps to 4.28%
  • 10-yr: UNCH at 4.29%
  • 30-yr: +2 bps to 4.45%