Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index dropped to 84.5 in January (Briefing.com consensus: 90.0) from an upwardly revised 94.2 (from 89.1) in December. In the same period a year ago, the index stood at 105.3.
  • The key takeaway from the report is that consumer concerns about both the present situation and expectations for the future deepened, driving the overall index to a level that was lower than the depths seen during the COVID pandemic.
• Yield Check:
  • 2-yr: -2 bps to 3.57%
  • 3-yr: -1 bp to 3.64%
  • 5-yr: -1 bp to 3.81%
  • 10-yr: UNCH at 4.21%
  • 30-yr: +1 bp to 4.81%