Bond Market Update

Data Recon

• The final Index of Consumer Sentiment for July stretched to 66.4 (Briefing.com consensus 66.0) from the preliminary reading of 66.0. The final reading for June was 68.2. In the same period a year ago, the index stood at 71.5.
  • The key takeaway from the report is that there weren't any real notable changes in consumer sentiment, which has been rightfully described as guarded as consumers continue to deal with inflation, election uncertainty, higher interest rates, and some softening in the labor market.
• Yield Check:
  • 2-yr: -6 bps to 4.38%
  • 3-yr: -6 bps to 4.20%
  • 5-yr: -7 bps to 4.08%
  • 10-yr: -6 bps to 4.20%
  • 30-yr: -5 bps to 4.45%