Bond Market Update

Opening Losses Extended

• U.S. Treasuries trade on their lows after spending the first two hours of action in a steady slide from their starting levels. The early selling has lifted the 30-yr yield past its March high to a level not seen since mid-July while yields on shorter tenors are revisiting their highs from the middle of last week. Equities are starting the week on a slightly lower note with the S&P 500 (-0.1%) holding a slim early loss.
• Yield Check:
  • 2-yr: +6 bps to 3.95%
  • 3-yr: +4 bps to 3.95%
  • 5-yr: +4 bps to 4.06%
  • 10-yr: +4 bps to 4.42%
  • 30-yr: +4 bps to 5.01%