Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index slipped to 94.6 in October (Briefing.com consensus 94.2) from an upwardly revised 95.6 (from 94.2) in September. In the same period a year ago, the index stood at 109.6.
  • The key takeaway from the report is that there wasn't much change in consumer confidence in October, as a small uptick in views about the present situation was offset by a small drop in views about the outlook.
• Yield Check:
  • 2-yr: UNCH at 3.50%
  • 3-yr: UNCH at 3.51%
  • 5-yr: +1 bp to 3.63%
  • 10-yr: UNCH at 4.00%
  • 30-yr: -1 bp to 4.56%