Bond Market Update

Near the Highs

• The selling pressure after the CPI report has abated, but buyers haven't turned the tide for the market. Yields are sitting near their highs for the session.
• The dollar has strengthened today, reflecting the underlying notion that the CPI data will keep the Fed on hold.
• The dollar's strength has created some pressure for gold futures, which settled today's trade down $22.20, or 0.7%, at $3337.30/troy oz.
• The U.S. Dollar Index is up 0.6% to 98.63.
• Yield check:
  • 2-yr: +6 bps to 3.96%
  • 3-yr: +6 bps to 3.93%
  • 5-yr: +7 bps to 4.05%
  • 10-yr: +6 bps to 4.49%
  • 30-yr: +5 bps to 5.02%