Bond Market Update

Data Recon

• Initial jobless claims for the week ending February 21 increased by 4,000 to 212,000 (Briefing.com consensus: 211,000). Continuing jobless claims for the week ending February 14 decreased by 31,000 to 1.833 million.
  • The key takeaway from the report is its persistent low-firing, low-hiring messaging.
• Yield Check:
  • 2-yr: +1 bp to 3.48%
  • 3-yr: UNCH at 3.49%
  • 5-yr: UNCH at 3.62%
  • 10-yr: -1 bp to 4.04%
  • 30-yr: UNCH at 4.69%