Bond Market Update

Opening Losses Widened

• U.S. Treasuries trade on their lows after retreating from their starting levels. Treasuries followed their lower start with a sideways drift through the first 45 minutes of action before following the 2-yr note to a fresh low for the day. The early selling has returned yields to levels from yesterday around noon. Equities are off to a flat start with the S&P 500 spending early trade near its flat line.
• Yield Check:
  • 2-yr: +3 bps to 3.46%
  • 3-yr: +3 bps to 3.46%
  • 5-yr: +4 bps to 3.59%
  • 10-yr: +3 bps to 4.01%
  • 30-yr: +3 bps to 4.61%