Bond Market Update

Higher Start Reversed

• U.S. Treasuries trade at fresh lows after a steady slide from their starting levels. Treasuries climbed in immediate reaction to the weak jobs report for September, but there was no follow-through buying. Instead, Treasuries have spent the past four hours in a steady retreat that has all tenors trading lower at this time. With today's losses, the 2-yr note has erased the bulk of this week's gain while the remaining tenors are now down for the week with the 10-yr yield up ten basis points for the week while the 30-yr yield is up 13 basis points from last Friday's settlement.
• Yield Check:
  • 2-yr: +5 bps to 4.84%
  • 3-yr: +6 bps to 4.96%
  • 5-yr: +6 bps to 5.06%
  • 10-yr: +4 bps to 5.28%
  • 30-yr: +2 bps to 5.63%