Bond Market Update

Quiet Session Continues

• U.S. Treasuries have seen a small extension of their rebound, though the bounce found resistance once the 5-yr note and longer tenors made a brief appearance in the green about an hour ago. While yesterday's unchanged level has slowed today's bounce, the overall pace of action has remained unsurprisingly subdued. The cash market remains open until 15:00 ET today, but tomorrow's session will end an hour early. The NYSE, however, will be open for a full session on December 31.
• Yield Check:
  • 2-yr: -1 bp to 3.45%
  • 3-yr: -1 bp to 3.50%
  • 5-yr: UNCH at 3.68%
  • 10-yr: +1 bp to 4.13%
  • 30-yr: +1 bp to 4.81%