Bond Market Update

Data Recon

• The preliminary reading for the September University of Michigan Index of Consumer Sentiment reached 69.0 (Briefing.com consensus 68.1) versus the final reading of 67.9 for August.
  • The key takeaway from the report is that year-ahead expectations for personal finances and the economy both improved despite substantial uncertainty surrounding the election.
• Yield Check:
  • 2-yr: -6 bps to 3.59%
  • 3-yr: -4 bps to 3.44%
  • 5-yr: -2 bps to 3.44%
  • 10-yr: -1 bp to 3.67%
  • 30-yr: +1 bp to 4.00%