Bond Market Update

Waiting for the BLS

• U.S. Treasuries continue hovering near their opening levels with the long bond holding a slim loss while shorter tenors are in the green with the 2-yr note showing some relative strength. The market is awaiting what was supposed to be a 10:00 ET release of highly-anticipated revisions to nonfarm payroll growth figures from the Bureau of Labor Statistics, but the BLS has not made the document available yet. Equities started the day on a higher note with the S&P 500 (+0.2%) extending this week's gain to 1.0%.
• Yield Check:
  • 2-yr: -4 bps to 3.95%
  • 3-yr: -5 bps to 3.75%
  • 5-yr: -4 bps to 3.66%
  • 10-yr: -2 bps to 3.80%
  • 30-yr: +1 bp to 4.08%