Bond Market Update

Softness in Treasuries

• The market- cap-weighted S&P 500 has managed to make its way back to the unchanged area, yet the equal-weighted S&P 500 is still down 0.4%, which goes to show the mega-caps have some extra pull today.
• While stocks have tried to recover, Treasury yields are sitting near their highs for the session, with the 30-yr back testing 5.00%.
• Yield check:
  • 2-yr: +2 bps to 3.94%
  • 3-yr: +3 bps to 3.91%
  • 5-yr: +4 bps to 4.02%
  • 10-yr: +4 bps to 4.46%
  • 30-yr: +6 bps to 5.00%