Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index dropped to 89.1 in December (Briefing.com consensus 89.0) from an upwardly revised 92.9 (from 88.7) in November. In the same period a year ago, the index stood at 109.5.
  • The key takeaway from the report is that confidence sagged in December due largely to worries about labor market conditions.
• Yield Check:
  • 2-yr: +3 bps to 3.54%
  • 3-yr: +3 bps to 3.59%
  • 5-yr: +3 bps to 3.75%
  • 10-yr: +2 bps to 4.19%
  • 30-yr: +1 bp to 4.85%