Bond Market Update

Data Recon

• Initial jobless claims for the week ending February 7 decreased by 5,000 to 227,000 (Briefing.com consensus: 230,000). Continuing jobless claims for the week ending January 31 increased by 21,000 to 1.862 million.
  • The key takeaway from the report is its steady messaging that layoff activity is low and that hiring activity is slow.
• Yield Check:
  • 2-yr: UNCH at 3.51%
  • 3-yr: -1 bp to 3.56%
  • 5-yr: -1 bp to 3.73%
  • 10-yr: -1 bp to 4.16%
  • 30-yr: -3 bps to 4.79%