Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index increased to 92.8 in April (Briefing.com consensus: 89.2) from an upwardly revised 92.2 (from 91.8) in March. In the same period a year ago, the index stood at 85.7.
  • The key takeaway from the report is that consumer attitudes were helped in April by perceptions of the labor market and income expectations.
• Yield Check:
  • 2-yr: +4 bps to 3.84%
  • 3-yr: +4 bps to 3.87%
  • 5-yr: +4 bps to 3.99%
  • 10-yr: +3 bps to 4.37%
  • 30-yr: +2 bps to 4.96%