Bond Market Update

Data Recon

• The Conference Board's Consumer Confidence Index decreased to 90.8 in July (Briefing.com consensus: 92.1) from an upwardly revised 92.2 (from 91.2) in June. In the same period a year ago, the index stood at 95.2.
  • The key takeaway from the report is that consumers don't appear to be overly enthused about current business conditions or future business conditions.
• Yield Check:
  • 2-yr: -4 bps to 4.28%
  • 3-yr: -4 bps to 4.31%
  • 5-yr: -3 bps to 4.37%
  • 10-yr: -3 bps to 4.61%
  • 30-yr: -2 bps to 5.11%