Bond Market Update

Some Pressure Seeps Through

• U.S. Treasuries trade on their lows after extending their opening losses. The market followed its lower start with a brief rebound attempt that momentarily lifted 10s and 30s into positive territory before resistance was found. The pullback has been paced by shorter tenors alongside an upbeat open in equities while the long end is a bit ahead as the market awaits this afternoon's release of the FOMC Statement for March.
• Yield Check:
  • 2-yr: +4 bps to 4.08%
  • 3-yr: +5 bps to 4.06%
  • 5-yr: +4 bps to 4.11%
  • 10-yr: +3 bps to 4.31%
  • 30-yr: +2 bps to 4.60%