Bond Market Update

Rebound Sustained

• U.S. Treasuries continue trading just below their best levels of the session with the 2-yr note remaining ahead while longer tenors are still down slightly for the session. Still, even with their slim losses, the market has staged an impressive recovery after the hotter-than-expected PPI report, leaving the Treasury complex on course for a firmly higher finish to the week. The 2-yr yield is currently down 13 basis points from last Friday's settlement while the 10-yr yield is down seven basis points for the week.
• Yield Check:
  • 2-yr: -4 bps to 4.47%
  • 3-yr: -2 bps to 4.25%
  • 5-yr: UNCH at 4.12%
  • 10-yr: UNCH at 4.20%
  • 30-yr: +1 bp to 4.41%