Bond Market Update

Narrow Range in Early Trade

• U.S. Treasuries have seen limited movement in the early going of today's session, leaving action near yesterday's intraday lows. The sideways trade has taken place even though the market received a few economic reports, led by a below-consensus Durable Goods report for December (-2.2%; Briefing.com consensus 0.4%) and a Consumer Confidence report for January (104.1; Briefing.com consensus 108.1; prior 109.5), which showed weakening sentiment. Equities are off to a higher start, looking to recover from yesterday's turbulence related to news from the nascent AI sector.
• Yield Check:
  • 2-yr: +2 bps to 4.21%
  • 3-yr: +2 bps to 4.26%
  • 5-yr: +3 bps to 4.36%
  • 10-yr: +3 bps to 4.56%
  • 30-yr: +3 bps to 4.80%