Bond Market Update

Staying in the Red

• U.S. Treasuries trade on their lows after seeing a continuation of the early pressure. Treasuries followed their lower start with a brief bounce attempt during the opening 30 minutes, but the complex found resistance once the long bond approached its closing level from Friday. The past 90 minutes have featured a return to the early low in the long bond while shorter tenors have dipped past their opening lows. Equities are off to a higher start with the S&P 500 rising 0.5%.
• Yield Check:
  • 2-yr: +1 bp to 3.50%
  • 3-yr: +2 bps to 3.55%
  • 5-yr: +2 bps to 3.71%
  • 10-yr: +2 bps to 4.17%
  • 30-yr: +1 bp to 4.84%