Bond Market Update

At the Highs (Yield)

• Treasury yields are sitting at, or near, their highs for the session, unable to get back on a winning track after getting tripped up following the ISM Manufacturing PMI release at 10:00 a.m. ET.
• Stocks continue to cruise and are at, or near, their highs for the session with the mega-cap stocks flexing some rebound muscle.
• Key metals futures prices were mixed at settlemtn:
  • GC00-USA gold settled today's session $12.90 lower (-0.5%) at $2,655.10/oz
  • SI00-USA silver settled today's session $0.24 higher (+0.8%) at $30.09/oz
  • HG00 copper settled today's session $0.05 higher (+1.2%) at $4.07/lb
• Yield check:
  • 2-yr: +2 bps to 4.27%
  • 3-yr: +3 bps to 4.31%
  • 5-yr: +2 bps to 4.40%
  • 10-yr: +1 bp to 4.59%
  • 30-yr: +1 bp to 4.81%