Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index increased to 91.2 in June (Briefing.com consensus 94.2) from a revised 90.6 (from 93.1) in May. In the same period a year ago, the index stood at 95.2.
  • The key takeaway from the report is that the June increase followed a downward revision to May's reading, so there is some persistent caution in confidence as the expectations index remains below a level that has traditionally signaled an upcoming recession.
• Yield Check:
  • 2-yr: +2 bps to 4.13%
  • 3-yr: +2 bps to 4.13%
  • 5-yr: +3 bps to 4.17%
  • 10-yr: +2 bps to 4.40%
  • 30-yr: +2 bps to 4.88%