Bond Market Update

Data Recon

• Initial jobless claims were down 6,000 for the week ending October 17 to 194,000 (Briefing.com consensus: 200,000). Continuing jobless claims for the week ending October 10 increased by 25,000 to 1.728 million.
  • The key takeaway from the report is still the same. Layoff activity is low, which is consistent with a solid demand environment for goods and services.
• Yield Check:
  • 2-yr: -9 bps to 4.73%
  • 3-yr: -11 bps to 4.80%
  • 5-yr: -12 bps to 4.86%
  • 10-yr: -11 bps to 5.04%
  • 30-yr: -9 bps to 5.35%