Bond Market Update

Opening Range Maintained

• U.S. Treasuries remain near their opening levels after spending the first couple hours of action in a sideways range. Treasuries inched above their starting levels about an hour after the start, followed by some slight backtracking that has found support just below today's opening level. Equities are off to a strong start with the S&P 500 and Nasdaq pushing to fresh record highs with leadership from tech stocks.
• Yield Check:
  • 2-yr: -6 bps to 4.06%
  • 3-yr: -6 bps to 4.11%
  • 5-yr: -7 bps to 4.19%
  • 10-yr: -7 bps to 4.49%
  • 30-yr: -5 bps to 5.01%