Bond Market Update

Gains Extended

• U.S. Treasuries have seen a bit more buying since our last update, sending yields to fresh lows for the day. The most recent wave of buying took place alongside weakness in equities that has sent the S&P 500 (-0.9%) to a one-week low. Treasuries, meanwhile, are looking to finish at their best levels of the week with yields on most tenors reaching their lowest levels in two weeks.
• Yield Check:
  • 2-yr: -4 bps to 4.23%
  • 3-yr: -5 bps to 4.23%
  • 5-yr: -5 bps to 4.29%
  • 10-yr: -6 bps to 4.44%
  • 30-yr: -6 bps to 4.68%