Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index fell to 98.7 in September (Briefing.com consensus 102.9) from an upwardly revised 105.6 (from 103.5) in August. September's decline was the largest since August 2021.
  • The key takeaway from the report is that consumers' views of the current labor market situation continued to soften and became more pessimistic about future labor market conditions -- a sentiment that could weigh on consumer spending activity.
• Yield Check:
  • 2-yr: -2 bps to 3.56%
  • 3-yr: -1 bp to 3.46%
  • 5-yr: UNCH at 3.50%
  • 10-yr: +2 bps to 3.76%
  • 30-yr: +3 bps to 4.11%