Bond Market Update

Data Recon

• The final reading for the September University of Michigan Index of Consumer Sentiment reached 70.1 (Briefing.com consensus 69.0) versus the preliminary reading of 69.0. The final reading for August was 67.9. In the same period a year ago, the index stood at 67.8.
  • The key takeaway from the report is that consumer sentiment picked up in September, and has been picking up as inflation pressures have moderated.
• Yield Check:
  • 2-yr: -3 bps to 3.59%
  • 3-yr: -3 bps to 3.51%
  • 5-yr: -3 bps to 3.53%
  • 10-yr: -3 bps to 3.76%
  • 30-yr: -3 bps to 4.10%