Bond Market Update

Hovering Near Lows

• U.S. Treasuries trade on their lows, though 10s and 30s have been able to stay out of the red while shorter tenors hold modest losses. Treasuries backpedaled from their starting highs during the first hour of action, but the pressure abated once longer tenors approached their closing levels from Friday. Elsewhere, equities are enduring a sloppy session with some continued volatility in software stocks masking strength in financials and industrials.
• Yield Check:
  • 2-yr: +2 bps to 3.43%
  • 3-yr: +2 bps to 3.47%
  • 5-yr: +1 bp to 3.62%
  • 10-yr: UNCH at 4.05%
  • 30-yr: -1 bp to 4.69%