Bond Market Update

Opening Range Maintained

• U.S. Treasuries have seen very little movement since our last update, which leaves yields right back at their opening levels. With today's advance, yields on all tenors are now back below their respective 50-day moving averages with the 2-yr yield now back near its 200-day moving average (4.251%). Meanwhile, the greenback is facing all around pressure, which is sending the U.S. Dollar Index lower by 0.7% to 106.42.
• Yield Check:
  • 2-yr: -1 bp to 4.26%
  • 3-yr: -2 bps to 4.27%
  • 5-yr: -3 bps to 4.34%
  • 10-yr: -3 bps to 4.50%
  • 30-yr: -2 bps to 4.74%