Bond Market Update

A Sticky View

• The stock market's cash session has begun and the indices have started the day with modest losses following eight straight gains for the S&P 500 and Nasdaq Composite.
• Treasuries are showing a little more conviction with gains seen across the curve.
• Buyers sticking with the idea it seems that many of the world's leading central banks are shifting (or soon will be) to a less restrictive policy stance.
• Yield check:
  • 2-yr: -6 bps to 4.01%
  • 3-yr: -6 bps to 3.87%
  • 5-yr: -5 bps to 3.71%
  • 10-yr: -4 bps to 3.83%
  • 30-yr: -3 bps to 4.09%