Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index dropped to 104.1 in January (Briefing.com consensus 108.1) from an upwardly revised 109.5 (from 104.7) in December.
  • The key takeaway from the report is that consumers, in general, remained pessimistic about future employment prospects.
• Yield Check:
  • 2-yr: +2 bps to 4.21%
  • 3-yr: +2 bps to 4.26%
  • 5-yr: +3 bps to 4.35%
  • 10-yr: +3 bps to 4.56%
  • 30-yr: +3 bps to 4.80%