Bond Market Update

Losses Widened

• U.S. Treasuries have seen some additional pressure since morning trade, lifting yields to fresh highs for the day. That said, the recent selling has unfolded at a slow pace, so the overall trading range has remained pretty narrow. Today's retreat has reversed Friday's advance, lifting yields back above their 50-day moving averages. Equities, meanwhile, are little changed with the S&P 500 (+0.1%) hanging onto a slim gain.
• Yield Check:
  • 2-yr: +3 bps to 4.29%
  • 3-yr: +4 bps to 4.31%
  • 5-yr: +6 bps to 4.38%
  • 10-yr: +7 bps to 4.54%
  • 30-yr: +6 bps to 4.76%