Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index improved to 100.3 in July (Briefing.com consensus 99.8) from a downwardly revised 97.8 (from 100.4) in June, with an improved short-term outlook driving the uptick.
  • The key takeaway from the report is that consumers are starting to take notice of slowing labor market conditions, yet their overall assessment of the current labor market situation is still quite strong.
• Yield Check:
  • 2-yr: UNCH at 4.39%
  • 3-yr: UNCH at 4.20%
  • 5-yr: +1 bp to 4.08%
  • 10-yr: UNCH at 4.18%
  • 30-yr: -1 bp to 4.43%