Bond Market Update
Updated: 08-Oct-26 08:52 ET
Jobless Claims Dip
Data Recon
- U.S. Treasuries hover near their opening lows with the belly showing some relative weakness.
- For the week ending October 3, initial claims decreased 2,000 to 197,000 (Brieifng.com consensus: 200,000). Continuing claims for the week ending September 26 were up 17,000 to 1.716 million.
- The key takeaway from the report is a broken (but pleasant-sounding) record: layoff activity continues to run at low levels that reflect a solid demand environment.
- Yield Check:
- 2-yr: +5 bps to 4.82%
- 3-yr: +5 bps to 4.96%
- 5-yr: +6 bps to 5.08%
- 10-yr: +5 bps to 5.32%
- 30-yr: +3 bps to 5.69%
