Bond Market Update

Longer Tenors Bounce

• Recent action saw a bounce in longer tenors, which has 10s and 30s just above their unchanged levels at this time while shorter tenors trade at levels seen in morning trade after a brief recent rise to fresh session highs. Altogether, today's session has been fairly quiet as Treasuries try to stage a bounce after two days of losses. Equities hold modest gains with the S&P 500 (+0.1%) remaining behind the Nasdaq (+0.5%).
• Yield Check:
  • 2-yr: -2 bps to 3.52%
  • 3-yr: -1 bp to 3.54%
  • 5-yr: -1 bp to 3.67%
  • 10-yr: UNCH at 4.09%
  • 30-yr: UNCH at 4.74%