Bond Market Update

Bid Maintained

• Recent action saw a push to fresh highs across the complex as part of a move that also saw a rise to fresh highs in equities. That push pressured the 10-yr yield to a fresh low for the week, which is on course to end with gains across the curve. Longer tenors have been at the forefront of this week's outperformance, sending yields on 10s and 30s eight basis points below last week's settlement levels while the 2-yr yield is currently down three basis points for the week.
• Yield Check:
  • 2-yr: -2 bps to 3.77%
  • 3-yr: -2 bps to 3.77%
  • 5-yr: -4 bps to 3.89%
  • 10-yr: -4 bps to 4.26%
  • 30-yr: -4 bps to 4.72%