Bond Market Update

Sitting on Lows

• U.S. Treasuries trade on their lows after a sideways start to the Thursday session. Treasuries added to their initial losses immediately after the start, establishing a trading range that has been in effect until the market dipped to fresh lows in recent trade. The 10-yr note is a bit behind other tenors, but the entire complex is firmly in the red. Equities started the day on a lower note with the S&P 500 (-0.5%) narrowing this week's gain to 1.3%.
• Yield Check:
  • 2-yr: +3 bps to 3.60%
  • 3-yr: +4 bps to 3.60%
  • 5-yr: +4 bps to 3.71%
  • 10-yr: +5 bps to 4.12%
  • 30-yr: +3 bps to 4.69%