Bond Market Update

Early Losses Widened

• U.S. Treasuries trade on their lows after adding to their opening losses. Treasuries started the cash session with losses across the curve, extending the retreat shortly after the start. Issues in the belly have been at the forefront of the early intraday selling while the long bond is a bit closer to its starting level. Equities are off to a lower start as ongoing volatility in technology stocks meets renewed Iran-related concerns, resulting in a 0.7% loss in the S&P 500.
• Yield Check:
  • 2-yr: +6 bps to 4.22%
  • 3-yr: +7 bps to 4.26%
  • 5-yr: +7 bps to 4.33%
  • 10-yr: +5 bps to 4.58%
  • 30-yr: +3 bps to 5.08%