Bond Market Update

Data Recon

• Initial jobless claims for the week ending August 17 increased by 4,000 to 232,000 (Briefing.com consensus 225,000) and continuing jobless claims for the week ending August 10 increased by 4,000 to 1.863 million.
  • The key takeaway from the report is that it won't alter the market's rate cut view or the inclination to think the economy can avoid a hard landing.
• Yield Check:
  • 2-yr: +5 bps to 3.97%
  • 3-yr: +5 bps to 3.78%
  • 5-yr: +5 bps to 3.69%
  • 10-yr: +5 bps to 3.83%
  • 30-yr: +2 bps to 4.10%