Bond Market Update

Data Recon

• The final University of Michigan Consumer Sentiment reading for November increased to 51.0 (Briefing.com consensus: 50.3) from the preliminary reading of 50.3 and the final reading of 53.6 for October. In the same period a year ago, the index stood at 71.8.
  • The key takeaway from the report is that consumer sentiment continues to be adversely impacted by the persistence of high prices and weakening incomes.
• Yield Check:
  • 2-yr: -5 bps to 3.51%
  • 3-yr: -5 bps to 3.50%
  • 5-yr: -6 bps to 3.62%
  • 10-yr: -4 bps to 4.06%
  • 30-yr: -2 bps to 4.71%