Bond Market Update

Sitting on Lows

• U.S. Treasuries trade on their lows after a steady slide from their starting levels. Treasuries marked their best levels immediately at the start, followed by a retreat that has seen some leadership from the belly. The early selling has lifted yields to levels that were seen around this time on Wednesday. Equities are off to a modestly higher start with the S&P 500 (+0.3%) extending this week's gain to 3.4%.
• Yield Check:
  • 2-yr: +1 bp to 3.49%
  • 3-yr: +2 bps to 3.49%
  • 5-yr: +2 bps to 3.60%
  • 10-yr: +2 bps to 4.02%
  • 30-yr: +2 bps to 4.66%