Bond Market Update

Inching Off Lows

• U.S. Treasuries have seen some buying in recent trade, but they remain in negative territory at this juncture. Treasuries opened the day in the red, widening their losses through the first hour of trade. However, the past hour has seen a bounce that has lifted action above today's opening levels. The rise off lows has taken place alongside some pressure on equities, which has the S&P 500 (-0.5%) trimming this week's gain to 1.0%.
• Yield Check:
  • 2-yr: +3 bps to 3.61%
  • 3-yr: +2 bps to 3.61%
  • 5-yr: +3 bps to 3.72%
  • 10-yr: +3 bps to 4.09%
  • 30-yr: +3 bps to 4.63%