Bond Market Update

Holding the Line

• Treasuries are holding the line, sitting with modest gains as the New York lunch hour comes to a close.
• Back end of the curve is outperforming the front end
• The U.S. Dollar Index is down 0.5% to 101.94 with the euro and the yen continuing to gain ground on the greenback.
  • EUR/USD +0.4% to 1.1073
  • USD/JPY -0.7% to 146.51
• The major stock indices are sitting at, or near, their best levels of the session, up between 0.5% and 0.6%.
• Yield check:
  • 2-yr: -1 bp to 4.05%
  • 3-yr: -2 bps to 3.85%
  • 5-yr: -3 bps to 3.77%
  • 10-yr: -3 bps to 3.86%
  • 30-yr: -4 bps to 4.11